Published On:November 18 2023
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"Steel Ministry Set to Conclude SPEL Finalization Soon"

The Ministry of Steel is on the verge of concluding its Sectoral Plan for Efficient Logistics (SPEL), according to announcements made by the commerce ministry on Friday. The disclosure came during the 60th meeting of the Network Planning Group (NPG) held on November 16.

The ministry elaborated on the intricacies of its SPEL strategy, which encompasses a thorough analysis of supply and demand dynamics for iron ore. The plan extends to forecasted requirements up to 2030-31 and beyond, accompanied by strategic planning to ensure logistical readiness for the future.

Furthermore, the coal ministry took the opportunity to present key findings related to the integrated coal evacuation plan developed under the framework of the Coal Logistics Policy 2023. The ministry aims for a substantial 14% reduction in rail logistics costs through the optimization of railway networks for coal logistics. Additionally, the proposed measures have the potential to reduce CO2 emissions by 100,000 tonnes annually by the fiscal year 2030, attributing the reduction to optimized railway leads and the substitution of road transportation with rail.

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