SAIL launches new initiative

Initiative to address dual challenges of high cost of production and lower sales realization

GN Bureau | September 12, 2013



A special initiative was launched by Steel Authority of India Limited (SAIL) during an apex strategic confluence on cost control and cost competitiveness. The initiative named COIS (Cost Optimization Initiatives of SAIL) outlines the road map for achieving an overall saving target of around Rs 5,000 crores during the next three years.

Under this special initiative, input optimisation, improving the operational efficiency by optimally utilising the available assets among others thrust areas have been identified for continual cost reduction.

Highlighting the challenges before the organisation due to prevailing market conditions and intense competition, C S Verma, CMD, SAIL stressed on the need to think out of the box.

The Indian steel companies are facing the dual challenge of high cost of production and lower sales realization. The cost of production is being driven up by the volatility in the prices of coal, higher railway freight, power tariff, royalty on minerals and depreciation of the rupee. The prices are flat due to prevailing market conditions leading to severe pressure on margins.


 

 

Comments

 

Other News

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Delhi moves to real-time traffic management

The Cabinet Committee on Economic Affairs (CCEA), chaired by prime minister Narendra Modi, has approved implementation of the ITMS Project by Delhi Police at an estimated cost of Rs.1,789.52 crore, inclusive of taxes. The project will cover 42 identified traffic corridors and will be implemented in three

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter