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of <h1>Union Minister Reviews HSCL's Growth and KIOCL's Struggles Due to Ore Shortage in 2012-13 First Half.</h1> The Union Minister of Steel reviewed the performance of Hindustan Steelworks Construction Ltd. (HSCL) and KIOCL for the first half of the 2012-13 financial year. HSCL reported a turnover of Rs. 530.28 crores, a marginal increase from the previous year, with operational profits rising by 11%. The company plans to expand in the steel sector and improve employee skills. KIOCL, however, fell short of its production and sales targets, achieving only 57% and 47% respectively. The company attributes its underperformance to a domestic ore shortage due to mining bans in Karnataka and plans to establish beneficiation plants and acquire iron ore assets abroad.
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