The Hindu : SAIL finalises strategy to break-even in 2003-04

Online edition of India's National Newspaper
Saturday, Jan 18, 2003

Business

Business

SAIL finalises strategy to break-even in 2003-04

NEW DELHI JAN. 17. Aiming to break-even in 2003-04, the public sector Steel Authority of India (SAIL) has finalised its business strategy that targets at an increase in production, cost-cutting, reorienting of product mix and time-bound implementation of projects.

SAIL top brass, including its Chairman, V. S. Jain, and chief executives of its four plants which met at Ranchi recently, has outlined the strategy for the next financial year including achieving a 6-7 per cent growth in production during the year to break-even on a full year basis.

To achieve this, all the four main plants have been given growth targets in salable steel, particularly Rourkela, which is expecting a cash profit, a SAIL statement said here today.

A growth of 10 per cent salable steel has also been planned for Durgapur Steel Plant to enable it to achieve a net profit for the first time in 2003-04.

The top brass also targeted improvement in techno-economic parameters such as coke rate, energy consumption, metallic input, refractory consumption as also reduction in consumption of power.

The company has also formulated a multi-pronged programme to bring down the consumption of power that includes optimum running of instruments and improvement in captive power generation.

— PTI

Printer friendly page
Send this article to Friends by E-Mail

Business

Stories in this Section

Major victory for India, others in WTO

London gold at 6-year high

All-time high in Mumbai

ACC Q3 net up 19 p.c.

SAIL finalises strategy to break-even in 2003-04

Modest rise in Wipro's Q3 PAT

Reliance Info to make high-speed computing

Convertibility — wish and reality