12,352.35-3.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

SAIL launches new cost control measure across its plants

All plants and units of the company are working on a mission mode to reduce the cost of production with the guiding principle ‘Do more with less,' an official statement said. To ensure larger employee engagement and involvement in this effort, a series of workshops are being organized across the company.

, ET Bureau|
Nov 27, 2019, 03.38 PM IST
0Comments
PTI
Anil-K-Chaudhary-sail--pti
SAIL chairman Anil Kumar Chaudhary
KOLKATA: Steel Authority of India Limited (SAIL), the country's largest state-owned steel firm on Wednesday said it has launched a new cost control drive across its plants and units with SAIL chairman Anil Kumar Chaudhary deciding on pushing for aggressive cost control in the company. The cost control measures are aimed at not only improving efficiency but also towards imparting a lasting competitive advantage.

All plants and units of the company are working on a mission mode to reduce the cost of production with the guiding principle ‘Do more with less,' an official statement said. To ensure larger employee engagement and involvement in this effort, a series of workshops are being organized across the company. The focus of these workshops is to evolve action plans for improving operations and operational efficiency through enhanced production and better techno-economic performances, better utilization of raw materials and enhancing revenue generation through other means.

As a part of the initiative, executives from different units have been grouped into cross-functional teams. The teams are formulating strategies by focusing on the technical levers to improve techno-economic parameters and other cost related aspects across the organization.

Also Read

Air India mulling slew of cost-control measures

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service