Steel Authority of India Ltd. (SAIL) chairman PK Singh said that the Indian public sector steel behemoth will achieve the target of 21 million tonnes by 2020-21.
SAIL having clocked profits in third quarter of the current financial year (Q3FY18) after a gap of ten quarters, is now chalking the future roadmap for consolidating its performance. A massive two-and-half day deliberation exercise involving SAIL’s entire top management was organized earlier this week. Reviewing the performance and stressing on maintaining the growth momentum, chairman Singh SAIL will produce to potential and not just name plate capacity.
The major take-homes of the workshop included special emphasis on value addition in the entire process along with higher production and sales volumes. The company’s Modernization and Expansion Programme will enable SAIL to enormously increase its capacity and produce high margin products particularly from its new mills and market them.The meeting brought forth the priorities in all the functional areas of production, marketing, finance, projects, human resources, raw materials and logistics.