Reviving SAIL

Committee to prepare a plan to increase production, sales and, improving financial health of SAIL

GN Bureau | July 28, 2017


#PSU   #SAI  
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.
 
 

Comments

 

Other News

3 out of 4 Covid-19 patients in 21-60 yrs age group

Contrary to the perception that the elderly are more at risk from Covid-19, in India as many as 41.88% of corona positive cases are between 21 to 40 years of age. Also, 32.82% positive cases are between 41 to 60 years, followed by 16.69% cases above the age of 60 years and 8.61% coronavirus positive cases

Why everyone should wear mask

In view of the increasing number of COVID -19 cases in the country, the ministry of health and family welfare (MoHFW) has now advised that everyone must voluntarily wear a mask and especially those living in densely populated areas.   Not just as a matter of maintaining personal hygiene

Fighting Covid-19, India has realized its collective strength: PM

In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na

COVID-19 demobilisation: Lessons for public governance

Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation.  In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th

Don’t fear Corona, fight it

In a bid to break the “chain of transmission” of the deadly Covid-19, India, a country with more than 1.3 billion population, observed a voluntary ‘Janata Curfew’ on March 22. This has been followed by a 21-day, nationwide lockdown from March 24. Prime minister Narendra Modi also re

Sci-Tech Empowered Committee set up for COVID-19

To take speedy decisions on research and development for Sars-Cov-2 virus and COVID-19, the government has constituted a Science and Technology Empowered Committee. The committee, set up on March 29 and chaired by Niti Aayog member, professor Vinod Paul and professor K Vijay Raghavan, princi



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter