SAIL told to increase production

SAIL should chalk-out a time bound action plan to cater to the Indian Railways’ increasing demand, says steel minister

GN Bureau | October 25, 2017


#PSU   #SAIL   #steel   #railways   #Bhilai steel plant  

 Union steel minister Birender Singh criticised Steel Authority of India (SAIL) officials for tardy progress in critical areas of strategic importance. 

 
The minister told the Maharatna enterprise to ramp up production from New Rail Mill in Bhilai without wasting time and meet all the requirements of its major customers.
 
Singh chaired a mid-year review meeting with the SAIL’s top management at Udyog Bhawan. 
 
“The company should chalk-out a time bound action plan to cater to the Indian Railways’ increasing demand. SAIL must take its joint ventures at international level to logical conclusion at the earliest. It must leverage its position in the industry, instead of not being able to fulfill its commitments and agreements,” a PIB release quoted Singh as saying.
 
The minister directed the company management to submit quarterly plans and targets. In order to get direct feedback about constraints, bottlenecks and issues of concern, Singh will also be meeting CEOs and EDs of steel plants next month.
 
Singh said that SAIL should explore possibilities for developing new markets by adopting new technology and adding value added products to its basket, like non corrosive steel products for construction in coastal areas. The enterprise should also focus on product differentiation to create value for the shareholders, thereby creating an exclusive space for the company. Efficiency improvement and product quality improvement at individual plant level should be focused upon to meet the customer requirements and to improve the financial performance of the company, he said.
 

Comments

 

Other News

Centralising secrets: How organizations can manage identity and credentials

For many organizations, maintaining consumer trust is paramount. The more users trust an organization, the more that organization can grow its services and revenue. Should a data breach occur, that trust can be compromised. This is especially true for organizations handling highly sensitive data, such as t

With Modi wave, BJP breaks Gujarat record

The BJP has been in power in Gujarat since 1998, and the state proved to be its springboard for the national sweep in 2014. Yet, it never came even close to the highest tally of 149 seats (out of the total 182) that the Congress had recorded in 1985. This time it has finally broken past the 150-mark, aided

Reality As It Is: The Buddha`s advice on overcoming bias, prejudices

‘See Things As They Are’: Life Lessons from the Buddha Edited by Nanditha Krishna Aleph, 98 pages, Rs 399 There is a wonderful idea behin

World growth expected to face inflation pressures

World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property market deteriorates, says Fitch Ratings in its latest Global Economic Outlook (GEO) report. Fitch now expects world GDP to grow by 1.4

200+ bird species documented in Chhattisgarh’s first-ever survey

Nine species of owls (including the magnificent spot-bellied eagle-owl), 10 birds of prey, 11 species of Woodpeckers (including white-bellied woodpecker – the largest woodpecker in peninsular India), and many other species have been documented during a first-ever bird survey in Chhattisgarh.

Cyclists plan ‘memorial ride’ to press demand for infrastructure

Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life

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