SAIL pins hope on IISCO plant to increase market share -Governance Now

SAIL pins hope on IISCO plant to increase market share

IISCO steel plant’s new mills are equipped to cater to sectors like rail, road, smart cities, aviation and infra development

GN Bureau | August 28, 2017

#PSU #SAIL #PK Singh #IISCO steel plant

Steel Authority of India Ltd. (SAIL) chairman PK Singh has said that IISCO steel plant (ISP) has the potential to enable SAIL to take its market-share in long products from to existing seven percent to 10 percent.

Long products refers to steel products including wire, rod, rail, and bars as well as types of steel structural sections and girders.

Singh during his recent visit to Burnpur-based IISCO steel plant said after modernisation process, ISP boasts of a modern wire rod mill, universal section mill and bar mill capable of producing high quality products.

“The plant has huge potential to capture newer market segments with its enriched products from the new mills. Disruptive improvement is the order of the day where we have to become world class in all spheres of production performance, and marketing to customers. There are dreams and great hopes pinned on the performance of these new mills,” said Singh.

The government’s development focused policies have spurred activities in various sectors like manufacturing, construction, house building, industries, roads and railways. The housing for all, rail and road connectivity improvements, smart cities, airport connectivity in tier two cities, infra development projects will all translate into rising demand for steel. ISP’s new mills are equipped to cater to these segments.

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