SAIL geared up to raise market share: Govt

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State-owned steel major SAIL is geared up to augment its market share which is at 14.9 per cent currently, Parliament was informed today.

“With the increase in production, SAIL (Steel Authority of India Ltd is geared up to increase its market share,” Minister of State for Steel Vishnu Deo Sai said in a written reply to the Lok Sabha.

According to domestic consumption data given by Joint Plant Committee (JPC), the market share of SAIL during April- December 2017 was 14.9 per cent, he said.

“SAIL’s marketing policies are, inter-alia, focused on maximising revenue and minimising inventory,” he said, adding that the strategies are formulated and initiatives are taken from time to time in this direction.

The PSU has undertaken modernisation and expansion of its five integrated steel plants at Bhilai in Chhattisgarh, Borkaro in Jharkhand, Rourkela in Odisha, Durgapur and Burnpur in West Bengal and special steel plant at Salem, Tamil Nadu to increase its crude steel production capacity from 12.8 million tonnes per annum (MTPA) to 21.4 MTPA.

“All major facilities under modernisation and expansion plan except some balance facility of Bhilai Steel plat have been completed and are under stabilisation,” Sai said.moneycontrol