Steel Research Institute to come up at Hyderabad

New Delhi, June 9 (UNI) The Steel Ministry is setting up a Steel Research and Development Institute at Hyderabad to revitalise existing R&D centres at a cost of Rs 45 crore.

The objective of the institute is to develop appropriate technology for cost-effective production of quality steel and undertake applied research of national importance in the iron and steel sector, a Ministry spokesman said here today.

The Empowered Committee on Research and Development in the Ministry has sanctioned Rs 50 crore as initial corpus to fund the project and Rs 15 crore to meet the establishment and running costs for three years.

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