You are here: Home » Economy & Policy ยป News
;
Business Standard

As SAIL's modernisation draws to a close, it faces new challenge

It must educate buyers about differentiating properties of its products from that are in the market

Kunal Bose  |  Kolkata 

A common feature in public sector undertakings, which have close to a 16 per cent share of the country’s gross domestic product, is to postpone taking decisive action at early stages of a crisis. Take Steel Authority of India (SAIL) – it would have been able to give a better account of itself during 2016-17, taking advantage of improved metal prices, had the management corrected course at the first signs of shrinking margins.

The global steel meltdown started in the beginning of 2014 with prices sinking to 12-year lows in December 2015. The demand sluggishness resulted ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 12 2017. 22:49 IST