SAIL needs to improve performance: Chairman
Published: Aug 05, 2017
By TIOLCORPLAW News Service
NEW DELHI, AUG 05, 2017: STEEL Authority of India Limited (SAIL) is the largest steel-making company in India and one of the seven Maharatna's of the country's Central Public Sector Enterprises. The SAIL Chairman, Mr PK Singh, yesterday visited Bokaro Steel Plant and held a Large Group Interaction (LGI) where he interacted with a cross section of more than 600 Plant employees.
During interaction with the LGI, the Chairman stated that SAIL has to improve across all verticals to match the industry benchmarks. SAIL's operational performance is continually improving and the Company remained EBIDTA positive in all the four quarters of last financial year.
In the current competitive environment, SAIL needs to cut down on delays and finish any balance projects immediately. There should be no lapse or gaps in our performance as a small slip also will hurt the overall performance. Attributing improvement in operational performance to the combined effort of every employee and across all functions, Mr. Singh said that 'the teamwork spirit must be encouraged.'
Discussing about future planning, he added that 'there should proper grooming and training of young managers to facilitate proper succession planning.' Mr. Singh encouraged and welcomed the performance improving ideas presented by employees during the interaction and asked every employee to have faith in their capabilities and deliver the best for transforming the company.
The Chairman apprised the employees about challenges in front of the Company and ways to mitigate the same. He articulated the expectation from Bokaro collective which has tremendous potential to maximise profits. Bokaro has excellent facilities and modernized mills including recently commissioned new state-of-the-art Cold Rolling Mill.
