SAIL told to increase production -Governance Now

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.

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