Sail Chairman hails BSP’s potential to maximise profits despite odds

Source: The Hitavada      Date: 13 Aug 2017 14:00:32

Staff Reporter,


Aug 12,

Chairman SAIL, P K Singh on Saturday visited Bhilai Steel Plant and held two large group interactions (LGI) where he interacted with a cross section of Plant employees at the Human Resource Development Centre (HRDC), Bhilai. He apprised the employees about challenges in front of the Company and ways to mitigate the same. He articulated the expectation from Bhilai Steel Plant collective, which has tremendous potential to maximise profits. Bhilai Steel Plant has excellent facilities, including the new state-of-the-art Universal Rail Mill.

He said that Bhilai Steel Plant has the talent, work culture, past experience of tiding over seemingly insurmountable odds and the spirit of urgency to ramp up its performance. Continuous improvement must be made so that the Company’s net worth also starts improving. He said, “SAIL sees Bhilai playing a crucial role in the Company’s turnaround strategy with high performance thereby inspiring other units of the Company to deliver similar performances”. P K Singh was accompanied by SAIL’s Director (Finance) Anil Chaudhary, Director (Projects & Business Planning) Dr G Vishwakarma, Director (Technical) Raman and CEO, BSP, M Ravi.

The interaction of SAIL’s top management with a cross section of employees of various management levels was aimed at clearly conveying Company’s top priorities and identifying the main issues at Plant level. SAIL management believes that such large group interactions (LGIs) create an open platform for employees to understand organisation’s long-term vision, immediate goals and current challenges. And at the same time, paves the way for a two way communication at all levels for improving the performance. These initiatives are a part of SAIL’s efforts to accelerate Company’s transformation and improve overall performance at the earliest.

During interaction with the LGI, Chairman, SAIL, P K Singh told that, “In the current competitive environment, we have to consistently operate beyond our rated  capacities. We need to cut down on delays and finish any balance projects immediately. There should be no lapse or gap in our performance as a small slip also will hurt the overall performance. Stressing on the need to improve performance he said that, “SAIL has to improve in all parameters to match the industry benchmarks. SAIL’s operational performance is continually improving and the Company remained EBIDTA positive in all the four quarters of last financial year.” He attributed improvement in operational performance of SAIL to the combined effort of every employee and across all functions.

Singh encouraged and welcomed performance improving ideas presented by employees during the interaction and asked every employee to have faith in their capabilities and deliver the best for transforming the Company. SAIL’s Director (Finance) Anil Chaudhary, Director (Projects & Business Planning) Dr G Vishwakarma, Director (Technical) Raman also responded and replied to suggestions given by the participants. Speaking on the turnaround strategy at Bhilai Steel Plant, M Ravi, CEO, BSP, assured the Chairman that Bhilai Steel Plant will raise its performance further as per expectations of the Company. He thanked the SAIL Management for the confidence shown by Team Bhilai. M K Barman, ED (P&A) proposed the vote of thanks. M K Barman, ED (P&A), T B Singh, ED (Works), A K Mathur, ED (MM) and other senior officers of Bhilai Steel Plant were present.

At the conclusion of the interaction session with executives at HRDC, P K Singh appreciated the effort of team members from Plant’s Rail & Structural Mill (RSM), Engineering, Design & Drawing Department (EDD) and Universal Rail Mill (URM) that had in no time modified, re-assembled and installed an alternative stamping machine for Universal Rail Mill to fulfill a pressing need. Later, Singh also interacted with the representatives of Unions, office bearers of the Officers Association and senior executives of Bhilai Steel Plant.