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.
 

Comments

 

Other News

New study tracks heat wave; exposes dangerous trends in big cities

An unprecedented heat wave has been enveloping Indian cities, worsening the urban heat island effect, this summer. A new analysis by Centre for Science and Environment (CSE) says there are far deeper and longer term evidences on the nature of this changing trend that is impacting the biggest cities of the

Phase 6: Voter turnout 59.06% at 7:45 PM

Polling in the sixth phase of General Elections 2024 which commenced across 58 PCs recorded an approximate voter turnout of 59.06% as of 7:45 pm Saturday. In spite of hot weather in certain parts of the country, voters were undeterred in their enthusiasm as they were seen queuing up patient

Banks not adhering to RBI guidelines, finds study

Banks across India are levying inconsistent service charges on basic savings accounts. A study, “Benchmarking Reasonableness of Service Charges by Banks in India”, uncovers and exposes inconsistencies in adherence to RBI mandates by banks. It finds some banks impose charges exceeding reasonable

“Mumbai Infra boom similar to that of Manhattan in 19th C”

Mumbai’s ongoing infrastructure boom – with a new coastal road, Atal Setu, metro lines and much more – creating transport corridors – is comparable to that of Manhattan in New York during 1811-1870, according to BMC commissioner Bhushan Gagrani. The iconic projects being implemented

Global Gandhi: How the Mahatma captured the world’s imagination

Gandhi’s Australia, Australia’s Gandhi By Thomas Weber Orient BlackSwan, 348 pages, Rs 1,800  

Urban apathy in Mumbai, Maharashtra sees 49% voting

Polling in the fifth phase of General Elections 2024 which commenced at 7 am on Monday simultaneously across 49 PCs recorded an approximate voter turnout of 57.47% as of 7:45 pm. Voters came out in large numbers braving hot weather in many parts of the states that went for polls on Monday.

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter