about 75% of SAIL's equity and retains voting control of the Company. However, SAIL, by virtue of its ‘Maharatna’ status, enjoys significant operational and financial autonomy.
Earlier, SAIL CMD PKSingh, in his New Year greetings to its employees, said, "In order to achieve our targets, we must synergise our internal processes, re-engineer our operations, improve our market orientation, organise our finances better and capitalise on our human resource."
The PSU has been incurring losses since since 2015 -16. He asked the employees to expedite the pace of the company's turnaround. "Winning our fear of failure, we must accelerate the pace of turnaround," Singh told the employees. In 2015-16, SAIL had posted a loss of Rs 4,021 crore while in 2016-17 its loss was Rs 2,833 crore.
SAIL, with an annual turnover of Rs.49,180 crores (FY2016-17), will recruit Management Trainees (MT) to man its frontline positions at its Steel Plants/Mines, Steel Authority of India Limited (SAIL) requires young, energetic, result oriented and promising talent to join as Management Trainee (Technical) in various Engineering disciplines for operation of its plants and mines across India.Candidates who apply for the recruitment must have applied for GATE 2018 in 6 papers i.e. ME, MT, EE, CH, IN and MN and should have a valid GATE 2018 admit card and registration number.
Beginning of online application process: February 1, 2018
Last date to apply online: February 21, 2018
Candidate must have a degree in engineering (full time) with 65% marks (average of all semesters) in disciplines of Mechanical, Metallurgy, Electrical, Chemical, Instrumentation and Mining.
The link for online application process will be activated on February 1 on the official SAIL website (www.sailcareers.com or www.sail.co.in). The candidates applying for the recruitment must not be older than 28 years. The cut-off date for determining upper age limit is February 1, 2018.