Ownership and Management: Government's control of PSUs does no good, say PSU honchos

AT A time when the entire nation is being gripped with the election fever to elect a new government at Centre, bosses of top public sector undertakings have aired their strong opposition to government's control in the affairs of the public sector companies. The state-owned PSUs that have for long been at the receiving end, decided to bare it all at the CII annual meeting 2014, expressing strong reservation...

As part of its modernisation plan, SAIL commissions Rs 730-cr key unit at Bhilai steel plant

SAIL CMD CS Verma

PUBLIC sector steel major Steel Authority of India Ltd (SAIL) has commissioned Rs 730-crore new sinter facility at its Bhilai steel plant (BSP), as a part of Rs 17,265 crore modernisation plan of the mill. A sinter is a small, irregular nodule of iron mixed with small amounts of other minerals and is used for converting iron into steel. After operationalisation, the unit is likely to produce 3.708 MT sinter per year. SAIL chairman...