Key People:
Sunil Duggal, CEO of Vedanta Limited and Hindustan Zinc, Andrew Green, Executive Director of IZA, Sudhir Goyal, Managing Director of Madhav KRG Group with around 1000 national and international delegates, ministry officials, zinc producers, highway and railway authorities and opinion leaders were present during the virtual inauguration.
Facility:
i.The facility will produce the new Continuously Galvanized Rebar (CGR).
ii.The annual capacity of the facility is over 30,000 tonnes.
iii.Under the brand “JYOTI”, The facility will manufacture ZNCOAT TEMPCORE TMT bars.
iv.Jyoti is the first of its kind in Asia to apply CGR technology with enhanced life and low maintenance cost.
About CGR:
i.The Galvanized steel with standard quality of zinc coating will reduce the risk of cracking due to bending.
ii.The CGR technology will minimise the damage due to corrosion by providing barrier and sacrificial protection extending the life expectancy of the steel while reducing the overall maintenance cost.
iii.The CGR doubles the life of the concrete structure since CGR bonds in par with the concrete than the uncoated rebar.
Key Points:
i.The demand of zinc in India grew 4-5 % CAGR(compounded annual growth rate) in the last 10 years.
ii.Prime Minister Modi outlined a plan to upgrade and build infrastructure with an expense of around 1.5 Trillion USD over the next 5 years to enhance the economic growth and usage of zinc galvanised steel to prevent corrosion.
About Ministry of Steel:
Minister– Dharmendra Pradhan
Minister of State– Faggan Singh Kulaste
