Public sector major, SAIL would ensure timely completion of the
proposed modernisation and expansion projects of SAIL plants to avoid
cost overrun,company Chairman S K Rungta said.
In the background of the "tough phase" through which the steel
industry was passing through, he expressed optimism that SAIL would be
able to withstand the adverse impact of the economic slow down for
which it will adopt feasible measures.
"SAIL would be able to combat the prevailing steel recession and
chalk-out policies and strategies for all its units", the Chairman
said.
He, however, sounded a word of caution for the steel industry and said
the going might get tougher in the days to come.
Addressing the 345th meeting of the board of directors which ended in
Rourkela on Thursday, the SAIL chairman said, "At this crucial
juncture we need 100 percent contribution from the each member of the
SAIL families".
Altogether, 15 directors including the managing director, of SAIL
steel plant participated in the day-long meeting.
Sources
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