Friday, November 30, 2012

Reduction in Profit of SAIL


The Minister of Steel, Shri Beni Prasad Verma has said that Profit After Tax (PAT) of Steel Authority of India Limited (SAIL) during April to September, 2012 at Rs. 1240 crore has been lower by 7.04% over corresponding period last year (April-September 2011) mainly due to adverse impact of input prices, particularly imported coal, salary & wages, higher interest & depreciation, reduction in interest earnings and increase in royalty on minerals, etc. In a written reply in the Rajya Sabha today Shri Verma said, SAIL has undertaken Modernization/Expansion of its Steel Plants/Units at an estimated cost of about Rs.72,000 crore.  The benefits from Modernization/Expansion would start accruing after their completion/ commissioning only.

        The plant-wise details of total number of regular employees (executive and non executive) and contract labours working in SAIL are as under:

Plant
Regular employees
(as on 1.11.2012)
Contract Labour
(as on 31.10.2012)
Executive
Non-executive
Bhilai Steel Plant
3767
25350
28377
Rourkela Steel Plant
2211
15814
19029
Durgapur Steel Plant
1645
10713
6900
Bokaro Steel Plant
2708
16856
8973
IISCO Steel Plant
979
7577
13748
Alloy Steel Plant
290
1110
640
Salem Steel Plant
322
1019
203
Visvesvaraya Iron & Steel Plant
228
816
1077

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