Steel Authority of India Limited (SAIL) has finalised its target to produce around 12 million tonnes of saleable steel during financial year 2009-10. The higher target has been set despite the current economic slowdown. The broad details of SAILÔÇÖs production plan were formalised today through the memorandum of understanding (MoU) for 2009-10 with the Ministry of Steel, Govt. of India. Secretary (Steel) Shri P.K. Rastogi and SAIL Chairman Shri S.K. Roongta signed the MoU at Udyog Bhawan in the presence of senior officials of the Ministry of Steel and SAIL Directors.
The MoU also focuses on production of higher volume of value-added steel products of over 3 million tonnes during the year to meet the growing requirements of high-end user segments. The MoU sets a challenging target of achieving a sales turnover of over Rs. 40,000 crore during 2009-10.
In the MoU, SAIL has also firmed up its techno-economic targets. These include achievement of lower specific energy consumption, as well as higher levels of blast furnace productivity, e-procurement, etc.
SAIL has attained ÔÇÿExcellentÔÇÖ rating in MoU score for the last six consecutive years. The company has also received Merit Awards from the Department of Public Enterprises for its performance on MoU parameters during the last three years. It is expected that for 2008-09 too, the company will maintain its ÔÇÿExcellentÔÇÖ rating in performance.
SAIL sets high production, sales targets for FY 10
PHOTO CAPTION:
Secretary (Steel) Shri P.K. Rastogi (left) and SAIL Chairman Shri S.K. Roongta exchanging the MoU documents at Udyog Bhawan today.
