November 1, 2012
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Performance review of state-owned steel enterprise urges faster project completion and mine acquisition to boost production.
The Minister reviewed SAIL's first-half operational performance, noting modest growth in hot metal, crude steel and saleable steel and improvements in techno-economic parameters, while urging faster project completion and emphasising acquisition and expansion of iron ore and coking coal resources. SAIL's Modernisation and Expansion Programme includes planned capital expenditure, recently completed plant facilities, and objectives to raise capacity, upgrade technology, improve energy efficiency, diversify product mix, reduce pollution and develop mines; dealer appointments were made to strengthen distribution for small consumers.