Steel Minister held performance review meeting of SAIL, NMDC, MECON

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Steel Minister held performance review meeting of SAIL, NMDC, MECON
Chairman/CMDs made the presentations to inform about the organisation, ongoing activities, projects, financial performance, and the way forward.

Union Steel Minister Shri Ram Chandra Prasad Singh on July 12 held Video Conference with Chairman, SAIL, CMDs of NMDC and MECON, to review the activities and performance of these CPSEs.

Chairman/CMDs made the presentations to inform about the organisation, ongoing activities, projects, financial performance, and the way forward.

While reviewing the performance, Union Minister appreciated the role and contribution of the CPSEs in the Indian steel sector and shared his insights on the way forward for CPSEs.

While deliberating on the specific issues, Union Minister requested SAIL to expedite the wage revision as per DPE guidelines, resolve the land encroachment/reconciliation issues and work towards providing the rails of global standards and specifications at competitive rates to Indian railways. 

NMDC briefed the Union Minister on its exploration plans in the future. Steel Minister noted with happiness the work of MECON in diversified portfolios.

The Minister further directed CPSEs to align their business activities to remain competitive in the market.

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