A performance review meeting of Steel Authority of India Limted (SAIL) was held at Udyog Bhawan recently (Nov 24, 2015). Minister of Steel & Mines Narendra Singh Tomar chaired the meeting, which was attended by senior officials from Ministry of Steel and top management of SAIL.
While addressing the meeting, Tomar emphasized the significance of cost reduction at all levels. Expressing concern over the net loss in the preceding quarter, the Minister pointed out the need for enhancing value added production and improving productivity.
Tomar underscored the need for aggressive marketing to retain its market share and to improve production of saleable steel. He highlighted the need for better operation management for reducing production of semis and bringing down inventory.
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