(a) whether it is a fact that the Steel Authority of India is proposing a plan to put down its production cost; and
(b) if so, the details thereof and the reasons therefor?
(a) whether it is a fact that the Steel Authority of India is proposing a plan to put down its production cost; and
(b) if so, the details thereof and the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF STEEL (SHRI BRAJA KISHORE TRIPATHY)
(a)&(b): Yes, Sir. To improve financial performance and cost competitiveness, Steel Authority of India Limited has undertaken various cost control measures in the following major areas of operation:
- Reduction in consumption of coking coal and other raw materials; lower expenditure on stores and spares/contractual maintenance and savings in power and fuel consumptions. - Improvement in techno-economic factors like blast furnace productivity, energy consumption, mill yields, etc. - Reduction in purchase cost in areas like ferro-alloys, refractories, rolls etc. - Austerity measures for reduction of other administrative expenses.