SAIL Celebrates 60 Years of Steel Production – CORPORATE ETHOS

SAIL Celebrates 60 Years of Steel Production

By: | December 29, 2018

Dec 29: Steel Authority of India (SAIL) has celebrated 60 years of steel production at a function held in New Delhi. The fuction was addressed by Chaudhary Birender Singh, Union Minister of Steel, Vishnu Deo Sai, Minister of State for Steel, Binoy Kumar, Steel Secretary,Anil Kumar Chaudhary, Chairman, SAIL in the presence of officials.

The first furnace of Rourkela Steel Plant under SAIL began functioning in 1959. It laid the foundation for India’s economic development and SAIL has now become a Maharatna company, the largest steel producer and also the highest iron ore miner in the country.

Chaudhary Birender Singh said times are changing and SAIL must keep pace with the new and fast growing steel companies. He outlined four mantras for SAIL: Speed, Aggression, Innovation and Loyalty. The Minister said decisions, actions and projects need more speed and marketing. He said new areas and markets like North-East need to be explored and technology, thinking and working has to be innovative. The Minister further stated that all this will happen only if those associated with SAIL have loyalty and commitment towards the company and country.

The Minister exhorted SAIL to invest in Research and Development, technology development and production of high-grade, value-added steel as these are the priorities of the Government and SAIL has a crucial role to play in all these areas.Steel is a deregulated sector and SAIL operates in open economy producing 21.4 Million Tonne Steel per annum and contributing 1.5 times of India’s GDP and 6.8 times to employment generation.

National Steel Policy 2017 has set ambitious target of 300 MT steel capacity by 2030-31 and SAIL with 1/6th of the proposed capacity is going to be a key contributor. However, all this must be done in a systematic and planned way. Each Plant and Unit has to adopt the culture of ‘Safety First’. Stressing that the culture of safety has to be an integral part of our working, Chaudhary Birender Singh said the Ministry will observe one day of the year as Safety Day for the steel sector from 2019.