VISAKHAPATNAM: The Panel of Judges (PoJ) for the Prime Minister’s Trophy 2013-14 commenced their assessment of RINL’s (Rashtriya Ispat Nigam Limited) performance by witnessing a corporate presentation Monday. Hailing the presentation of the RINL as impressive, the PoJ observed that PSU was a sign of future prosperity for India and added that the vision for growth was commendable.
The PoJ in its observations made several suggestions for further improvements in various areas of operations such as cost reduction and timely project completion. They stressed the need for quick stabilisation of the new units under expansion of 6.3 MTPA capacity and achieve international levels of efficiency on techno-economic parameters. They advised the RINL to work meticulously to achieve it with its inherent strength. The panel further suggested a strategy to improve profitability to compete with the steel majors and desired more focus on exports especially to Middle East and neighbouring countries for more global presence. The PoJ also made a suggestion to set up more projects to recover energy on the lines of sinter heat recovery system (NEDO Project).
RINL chairman-cum-managing director P Madhusudan, in his welcome address, explained the challenges and achievements of the RINL during 2013-14 w.r.t crude steel, saleable steel, specific energy and water consumption. He outlined the various initiatives taken by the company for sustained growth.
The PoJ comprises former CMD of the RINL and chief technologist of Uttam Galva Metallic Limited BN Singh, former managing director, Bokaro Steel Limited (SAIL) KAP Singh, former deputy managing director, Tata Steel Limited, T Mukherjee, Professor, department of Metal Engineering and Metal Science, IIT, Kharagpur, PK Sen, former managing director, Rourkela Steel Plant (SAIL) and vice-president, Arcelor Mittal Group, Sanak Mishra, former CEO, JSW Steel Limited Jugal Kishore Tandon, former director and principal adviser (ERD), BHEL, OP Bhutani, former CMD, MECON Limited, KK Mehrotra, Dean, department of Psychology, University of Delhi, ML Chadha, apart from OP Verma, KK Pahuja and B Sudhakar representing the Prime Minister’s Trophy Secretariat.
Directors (Commercial) TK Chand, (Projects) PC Mohapatra, (Personnel) GBS Prasad, (Operations) DN Rao, (Finance) TVS Krishna Kumar and RINL CVO B Siddhartha Kumar were present.
Later, the PoJ visited the various production and expansion units and had a view of the Model Room and Awards Gallery.
The Visteel Mahila Samiti (VMS) presented a cultural programme ‘Aaradhya’ later in the evening in honour of the PoJ at the Multi Purpose Hall. Schoolchildren, Ukkunagaram women and young executives of the VSP family participated.