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Vizag Steel CMD advocates cost culture.
Chairman and Managing Director of RINL, the holding company of Visakhapatnam Steel Plant, P Madhusudhan asked his officers and staff members to inculcate cost culture which would take the company forward.
Visakhapatnam: Chairman and Managing Director of RINL, the holding company of Visakhapatnam Steel Plant, P Madhusudhan asked his officers and staff members to inculcate cost culture which would take the company forward.
Addressing a gathering after unfurling the National Flag on the occasion of Independence Day, the CMD said in the present challenging market scenario, cost should be the most important factor and stressed the need to inculcate the cost culture across the organisation.
Focused efforts on energy efficiency, new technological initiatives such as pulverised coal injection in blast furnaces, effective waste utilisation, R&D interventions and process improvement would lead to substantial savings, he said.
Madhusudan highlighted the need to explore new ways to complete the tasks efficiently and constantly look out for avenues to pioneer new markets to realise sustainable growth and also enlarging the customer base and market share.
He said the year 2015-16 saw major achievements like completion of 6.3 Mtpa expansion, commissioning of power plant-2, commencement of international operations in Sri Lanka, completion of order placements for the main packages of Coke Oven Battery-5, Forged Wheel Plant, second water reservoir and 5 MW Solar Power Plant etc.
Director of RINL P C Mohapatra, Dr GBS Prasad, DN Rao, P Ray Chaudhury, Senior commandant of CISF Jocab Kispotta, a large number of employees and their family members, union leaders and CISF jawans witnessed the celebrations.
