Steel Sector in India
India is the 2nd largest steel producer country in the world after China. India produces more than 111.2 Million Metric Tons of Steel every year. The export and import of finished steel stood at 8.24 MT and 6.69 MT, respectively, in FY20. The per capita consumption of steel has increased from 57.6 kgs to 74.1 kgs during the last five years. This industry is said to increase its production capacity to 300 million tonnes by 2030–31. Both, the Government and Private sectors of this industry are majorly investing to increase production capacity and improve technologies for sustainable growth. Steel production in India can be increased if the health of machinery is maintained. Lubrication Reliability plays an important role to achieve and maintain the health machine. The different types of Hydraulic equipment used in Steel Plants face an untimely breakdown and hindrance in operation due to OIL contamination and clogged systems. Lubrication Reliability is an im...