Government of India has appointed Mr. Shri Saraswati Prasad as new Chairman and MD of Steel Authority of India Limited (SAIL) w.e.f 1 Jul’18 until further orders come.
He is also currently serving as the Special Secretary and Financial advisory of Ministry of Steel. He has been given additional charge of SAIL’s Chairman and MD.
Mr. PK Singh who was earlier SAIL Chairman and MD has completed his tenure on 30 Jun’18.
SAIL: Key performance highlights
1.SAIL crude steel production up by 4% in FY18-Company’s crude steel production stood at 15.02 MT for FY18, up 4% against 14.49 MT in FY17. However on quarterly basis the same stood at 4.004 MT in Q4FY18 moved up by 6% against 3.789 MT in Q3FY18.
2.Company’s saleable steel production moved up 2% in FY18- Company’s saleable steel sales recorded at 14.07 MT,up 2% in FY18 against 13.86 MT in previous fiscal.However on quarterly basis the same remain largely stable at 3.61 MT which was 3.626 MT in previous quarter.
3. SAIL dispatched 1st consignment of Metro Rail- SAIL Durgapur Steel Plant dispatched the first consignment of Metro Rail wheels for Kolkata Metro on 29 June. As per report, the development of wheels for use by Kolkata Metro was successfully done with the complete use of in-house resources.
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