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Last Updated : Mar 30, 2017 10:29 PM IST | Source: PTI

Panel to fast-track ramping up steel PSUs modernisation

The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms -- SAIL and RINL.

 
 
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The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms -- SAIL and RINL.

The panel is being chaired by Steel Secretary and has CMDs of SAIL and RINL as its members, a source privy to the development said.

Boston Consulting Group (BCG), which is a leading global management consultancy, is also part of the panel, besides outside experts, the source added.

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"The panel has been entrusted with the task to suggest ways for expediting the ramping up of modernisation of both the PSUs (SAIL and RINL) as a lot of money has been spent on modernisation," the source said. Till February, Rs 64,986 crore has been incurred by SAIL towards modernisation and expansion, mines and related sustenance schemes.

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First Published on Mar 30, 2017 10:29 pm
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