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GOVERNMENT OF INDIA
OUTCOME BUDGET
OF
MINISTRY OF STEEL
2010-2011
 
Outcome Budget 2010-11/Chapter-II/Major Schemes 
2
CONTENTS 
 
CHAPTERNO.SUBJECT PAGENO.EXECUTIVE SUMMARY
(I) - (III)
I. INTRODUCTION
1 - 6
1. Objectives 
1
2. Programmes 
1
3. Organisation 
2
4.Public Sector Undertakings/ Government Managed Companies 
2-6
II. OUTCOME BUDGET (2010-11) - MAJOR SCHEMES
7 - 21
III. REFORM MEASURES AND POLICY INITIATIVES
22 - 34
1. Liberalisation of the Indian Steel Sector 
22-23
2. National Steel Policy, 2005 
23-24
3. Implementation of National Steel Policy, 2005 
24-25
4. Major Initiatives taken by Ministry of Steel 
25-32
5. Recommendations of the Working Group on Steel Industry 
32-34
6. Relativity of Outcome Budget with Policy Initiatives 
34
IV. REVIEW OF PAST PERFORMANCE - OUTCOME BUDGET2009-10
35 - 53
V. FINANCIAL REVIEW
54 – 62
1. Total Requirement of Funds for 2010-11
54
2. Non-Plan Expenditure 
54-55
3. Plan Expenditure 
55-56
4. Actual Expenditure - 2005-06 to 2009-10 (Upto Dec’09)
56-57
5. Annual Plan Outlay for 2010-11
57-60
6. Plan Outlay and Actual Expenditure during 2007-08, 2008- 09 and 2009-10 (Upto Jan’10) of 11
th 
Five Year Plan (2007-12)
60-62
7. Status of Outstanding Utilisation Certificates 
62
8. Status of Unspent Balances 
62
VI. PHYSICAL & FINANCIAL PERFORMANCE OF PUBLICSECTOR UNDERTAKINGS UNDER MINISTRY OF STEEL
63-78
 
Outcome Budget 2010-11/Chapter-II/Major Schemes 
3
EXECUTIVE SUMMARY
The Outcome Budget of the Ministry of Steel highlights the Ministry’s specific roleand objectives, its programmes, projects, schemes and activities undertaken to realisethese objectives and the outcome of various major schemes/programmes implementedby the Ministry and its PSUs’. The document also highlights the physical and financialtargets, achievements for previous years and also the projections for the current yeari.e. 2010-11.
Chapter - I
gives a brief introductory note on organisational set up and the objectives ofthe Ministry of Steel, the broad programme classification and agencies engaged in theirimplementation.
Chapter - II
gives the break-up of outlays and outcomes/ targets in respect of majorschemes and projects implemented by the PSUs under the Ministry. As the schemes/ projects of the PSUs are too many and varied, and mostly related to their day to dayoperations, only major schemes with estimated/ sanctioned cost of Rs.50 crore andabove have been covered. For 2010-11, 50 such major schemes (49 Plan and 1 Non-Plan), have been included in the outcome budget statement. Out of 49 Plan scheme, 48Plan schemes are being implemented by Steel Authority of India Ltd. (22 schemes),Rashtriya Ispat Nigam Ltd. (17), KIOCL Ltd. (5), NMDC Ltd. (2) and Manganese OreIndia Ltd. (2) respectively, with entire expenditure on the schemes funded from theirInternal & Extra Budgetary Resources (I&EBR) and one scheme for promotion ofresearch and development in iron and steel sector being implemented by Ministry ofSteel. The only major Non-Plan scheme is for providing interest subsidy to HindustanSteelworks Construction Ltd. (HSCL) for loans taken from commercial banks forimplementation of VRS. The estimated/ sanctioned cost, outlay for 2010-11, processes/ timelines, risk factors, projected physical outputs and projected outcomes in respect ofthese 50 major schemes have been given in the statement.
Chapter - III
details the reform measures and policy initiatives of the Ministry of Steel.This chapter also covers the important policy measures, which have been taken by theGovernment in the post-liberalisation era for the growth and development of thedomestic iron and steel industry. An important policy initiative taken in this regard by theMinistry was the announcement of the National Steel Policy (NSP) in 2005. The long-term objective of the NSP is to achieve a modern and efficient domestic steel industry ofworld standards, catering to diversified steel demand. The focus of the policy is toachieve global competitiveness not only in terms of cost, quality and product-mix butalso in terms of global benchmarks of efficiency and productivity. Accordingly, the NSPhas set a target of 110 million tonnes per annum of steel production by 2019-20. A 11
th
 Plan Working Group on Iron & Steel Industry constituted in May, 2006 by the Planning
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