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SAIL must keep pace with new growing companies: Birender Singh

12/28/2018

New Delhi, Times are changing and SAIL must keep pace with the new and fast growing steel companies, Union Steel Minister Chaudhary Birender Singh said on Friday. Outlining four mantras for SAIL -- Speed, Aggression, Innovation and Loyalty -- the Minister said decisions, actions and projects need more speed and marketing. He said new areas and markets like North-East need to be explored and technology, thinking and working has to be innovative and all this will happen only if those associated with SAIL have loyalty and commitment towards the company and country. Mr Singh was addressing an event, organised to commemorate the 60 years of the SAIL foundation here. The Minister exhorted SAIL to invest in research and development, technology development and production of high-grade, value-added steel as these are the priorities of the government and SAIL has a crucial role to play in all these areas. “National Steel Policy, 2017 has set ambitious target of 300 MT steel capacity by 2030-31 and SAIL with 1/6th of the proposed capacity is going to be a key contributor. However, all this must be done in a systematic and planned way. Each plant and unit has to adopt the culture of ‘Safety First’.” Stressing that the culture of safety has to be an integral part of the working, he said the Ministry will observe daylong of the year as Safety Day for the steel sector from 2019. Minister of State for Steel Vishnu Deo Sai expressed hope that with its continued hard work, SAIL will be able to fulfill the right expectations of the country in future too. The first furnace of Rourkela Steel Plant began functioning in 1959 setting the foundation for building India’s economic development. SAIL nowadays is a Maharatna company and the largest steel producer and also the highest iron ore miner in India. Steel is a deregulated sector and SAIL operates in open economy producing 21.4 million tonnes steel per annum and contributing 1.5 times of India’s GDP and 6.8 times to employment generation. Steel Ministry Secretary Binoy Kumar and SAIL Chairman Anil Kumar Chaudhary and top officials of Ministry of Railways and other Central Government departments were also present on this occasion.

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