Reviving SAIL -Governance Now

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

#PSU
#SAI

Other News

‘Oral cancer deaths in India cause productivity loss of 0.18% GDP’

A first-of-its-kind study on the economic loss due to premature death from oral cancer in India by the Tata Memorial Centre has found that this form of cancer has a premature mortality rate of 75.6% (34 premature events / 45 total events) resulting in productivity loss of approximately $5.6 billion in 2022

Days of Reading: Upendra Baxi recalls works that shaped his youth

Of Law and Life Upendra Baxi in Conversation with Arvind Narrain, Lawrence Liang, Sitharamam Kakarala, and Sruti Chaganti Orient BlackSwan, Rs 2,310

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2