Steel Ministry to take lead in turning around steel PSUs

11th sept

In the review meeting with senior officials of Ministry of Steel in New Delhi, the Union Minister of Steel Birender Singh tasked the Ministry officials to play an active role in transforming and turning around Steel PSUs.

Senior Ministry officials will be given the responsibility of monitoring the performance of individual steel plants by on-ground visits and reviews, he said.

The Ministry of Steel had earlier constituted an Expert Committee, which has made recommendations for improving production and productivity of these plants. While outlining the agenda for the future, the Minister remarked that no laxity will be tolerated at any level, and there must be accountability and a result-oriented approach built into the work culture of Ministry of Steel and the PSUs.

The steel production target of 300 million tonnes set in the National Steel Policy-2017 will have to be broken down year-wise and an exponential annual increase will have to be ensured for realistic achievement, the Minister added.

He appreciated the accomplishments in the past and stated that steel sector has much more potential which needs to be harnessed for the vision of Make in Steel for Make in India.

Source: IIFL