Sarkaritel.com News and Features-Corporate News

SAIL Chairman receives prestigious “Icon of the Year” award of ICWAI

Chennai, January 06, 2011

C. S. Verma, Chairman, Steel Authority of India Limited (SAIL), received the prestigious ‘Icon of the Year’ award of the Institute of Cost and Works Accountants of India (ICWAI) here today.   R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs presented the award on the inaugural day of the 52nd National Convention of ICWAI.   The award honours professionals who have been a role model for the profession by achieving tremendous success in the business enterprises that they have been involved with in the capacity of Chairman and Managing Director.   Maharatna SAIL owns and operates five integrated steel plants in Bhilai, Bokaro,Durgapur, Rourkela, and Burnpur and 3 special steel plants at Salem, Durgapur and Bhadravati.

SAIL is currently implementing a big modernisation & expansion plan in its plants and mines, to take its hot metal production capacity to 23.46 Million tonnes by the year 2012-13 involving cpaital outlay of about Rs 70,000 crore.

Post-modernisation, the share of high-quality and value-added products will be more in SAIL’s product-mix. Several new technologies are also being adopted as a part of the modernization plan.

E-Mail : newseditor@sarkaritel.com