SAIL draws up plans to cut costs

India Business Journal - - NEWS ROUND-UP -

Steel Author­ity of In­dia (SAIL) has charted a roadmap to turn around. In an of­fi­cial state­ment, the State-owned steel-maker has said that it will soon set an EBITDA tar­get for the next two to three years. The turn­around goals were re­cently spelt out by SAIL Chair­man P K Singh to company em­ploy­ees. He said: "Mar­ket con­di­tions are volatile and we have to adapt to them fast, match­ing the world stan­dards." The company is plan­ning to re­duce pro­cure­ment and fi­nance costs and fo­cus on cut­ting op­er­at­ing cost of old and new as­sets.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.