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New Delhi : The first furnace of Rourkela Steel Plant began functioning in 1959 setting the foundation for building India’s economic development. Steel Authority of India Limited (SAIL) today is a Maharatna company and the largest steel producer and also the highest iron ore miner in India. 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. A function was held in New Delhi on December 28, 2018, to commemorate the 60th year of steel production by SAIL.

The function was addressed by Union Minister for Steel Chaudhary Birender Singh, Minister of State for Steel Vishnu Deo Sai, Secretary Steel Binoy Kumar, and Chairman SAIL Anil Kumar Chaudhary.

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, according to a PIB release.

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