With an aim to boost production and sales, a committee comprising of members of the ministry of steel, PSUs and technical experts has been set up for the revival of Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL).

 

The terms of reference (ToR) of the committee include chalking out a plan with focus on increasing production, sales and, improving financial health of SAIL. The committee’s technical experts will suggest specific measures for improvement for units of SAIL.

 

Due to measures taken by the government in 2016-17, SAIL was able to increase its domestic sales from 11.901 MT in 2015-16 to 12.436 MT in 2016-17 and registered a growth of 4 percent. SAIL also improved its market share from 13.7 percent in 2015-16 to 14.0 percent in 2016-17. 

 

The parameters of SAIL relating to the new facilities installed by SAIL under modernisation and expansion plan are comparable to international standards.

 

SAIL has taken host of measures to lower production costs and improve branding and marketing of SAIL which include, product-mix enrichment and increasing production from new facilities, increasing coal dust injection in blast furnaces to bring down requirement of BF coke, production of crude steel, organising customer meets and seminars for product familiarisation and creation of ‘Special Initiative Group’ in April, 2017 to provide increased value to the customer as well as enhancing SAIL’s product basket.

 

Vishnu Deo Sai, minister of state, ministry of steel, gave this information in a reply to a question in Lok Sabha.