Steel Ministry asks officials to ensure turnaround of PSUs

Speed Post News Network

New Delhi : Union Minister for Steel Birender Singh, at his weekly review meeting with senior officials of Ministry of Steel in New Delhi on 5th September 5, 2017, tasked them to play active role in transforming and turning around Steel PSUs.

Senior Ministry officials will be given responsibility of monitoring the performance of individual steel plants by on-ground visits and reviews, Singh stated, according to a PIB release. These officials will check the progress of each plant in terms of achievements of the targets set for them. It is noteworthy that 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 has to be accountability and work culture of Ministry of Steel and PSUs has to be result-oriented.

Singh also directed the Ministry officials to work on instituting an award of “Plant of Excellence” for the best performing Plant among Steel PSUs, so that other Plants can get inspired to excel, according to the PIB release. The steel production target of 300 million tonnes set in the National Steel Policy-2017 will have to be broken and 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.”