“The re-entry of 3 members of the TATA Group and Bhushan Power & Steel Ltd to ISA, once again strengthens the vision of taking forward the Indian steel industry as a global leader for its quality, productivity, and competitiveness,” the ISA said in a press note, during the apex committee meeting on Thursday.
Tata Steel’s managing director T.V. Narendran was the former president of ISA and in May 2020, the company left the ISA owing to some mining policy differences.
Sources said that the ISA’s stand on the government’s proposal to remove the distinction between captive and merchant mining besides reducing the lease term of captive mines to 2025 from 2030, was different from that of Tata Steel’s managing director Narendran.
“We are pleased to have TATA Steel, along with Tata BSL Ltd and Tata Steel Long Products, as well as Bhushan Power & Steel Ltd. back with us as part of ISA,” said Dilip Oommen, President, Indian Steel Association and the CEO of ArcelorMittal Nippon Steel.
ISA over the years has played a pivotal role in addressing and resolving critical issues that impact our industry, and we are confident of building our collective voice and going from strength to strength, Oommen added.