The net profits for the 
year FY06 saw a massive dip by 41% to reach Rs.40.13 billion, compared to the glittering Rs.68.17 billion in the previous year. In order to improve the state of affairs, the company’s Chairman, S. K. Roongta, is laying down a road map for future expansions. SAIL has chartered out ‘Vision 2012’, where the company has projected its ambitions to hike the production capacity of hot metal from a current level of 13 million tonnes (MT) to 22.5 MT by FY12, for which it has announced a capex of Rs.350 billion. The steel giant further dreams of being a 40 MT player by FY20 to meet the challenges thrown by global players, which are bracing up for consolidation in the Indian steel sector.
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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year FY06 saw a massive dip by 41% to reach Rs.40.13 billion, compared to the glittering Rs.68.17 billion in the previous year. In order to improve the state of affairs, the company’s Chairman, S. K. Roongta, is laying down a road map for future expansions. SAIL has chartered out ‘Vision 2012’, where the company has projected its ambitions to hike the production capacity of hot metal from a current level of 13 million tonnes (MT) to 22.5 MT by FY12, for which it has announced a capex of Rs.350 billion. The steel giant further dreams of being a 40 MT player by FY20 to meet the challenges thrown by global players, which are bracing up for consolidation in the Indian steel sector.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
More IIPM-News:-
IIPM MANAGEMENT INSTITUTE
News At Work (continued alongside) : IIPM
IIPM : WHAT’S SECURITISATION?
IIPM Students Life > Campus Placement
IIPM Students Life > Campus Placement
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