Indian steel minister reviews PSU performance, asks to align business activities to remain competitive

• Wednesday, July 14, 2021
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• Keywords:Indian steel minister, competitive

[Ferro-Alloys.com] 

 

Newly-appointed Steel Minister Ram Chandra Prasad Singh directed the public sector undertakings under his ministry to align their business activities to remain competitive in the market. He gave the directions while reviewing the performance of Steel Authority of India Ltd (SAIL), NMDC and MECON, through video conferencing. 

 

The steel minister held a virtual conference with SAIL chairman and CMDs of NMDC and MECON, to review the activities and performance of these state-owned entities, the Ministry of Steel said in a statement. 

 

In the meeting, heads of the PSUs made presentations to inform about their organisation's ongoing activities, projects, financial performance and the way forward, it said. 

 

"While reviewing the performance, the minister appreciated the role and contribution of the CPSEs (central public sector enterprises) in the Indian steel sector. 

 

"He further directed the CPSEs to align their business activities to remain competitive in the market," the Ministry said. 

 

Source: economictimes.indiatimes.com

 

 

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