SAIL pins hope on IISCO plant to increase market share -Governance Now

SAIL pins hope on IISCO plant to increase market share

IISCO steel plant’s new mills are equipped to cater to sectors like rail, road, smart cities, aviation and infra development

GN Bureau | August 28, 2017

#PSU #SAIL #PK Singh #IISCO steel plant

Steel Authority of India Ltd. (SAIL) chairman PK Singh has said that IISCO steel plant (ISP) has the potential to enable SAIL to take its market-share in long products from to existing seven percent to 10 percent.

Long products refers to steel products including wire, rod, rail, and bars as well as types of steel structural sections and girders.

Singh during his recent visit to Burnpur-based IISCO steel plant said after modernisation process, ISP boasts of a modern wire rod mill, universal section mill and bar mill capable of producing high quality products.

“The plant has huge potential to capture newer market segments with its enriched products from the new mills. Disruptive improvement is the order of the day where we have to become world class in all spheres of production performance, and marketing to customers. There are dreams and great hopes pinned on the performance of these new mills,” said Singh.

The government’s development focused policies have spurred activities in various sectors like manufacturing, construction, house building, industries, roads and railways. The housing for all, rail and road connectivity improvements, smart cities, airport connectivity in tier two cities, infra development projects will all translate into rising demand for steel. ISP’s new mills are equipped to cater to these segments.

Comments

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