Team News Riveting
Rourkela, May 4
Director-in-charge (DIC) of Rourkela Steel Plant Atanu Bhowmick exhorted to gear up for overcoming the negative impacts of the current volatile steel market.
He was addressing the senior executives of the Plant in an online session organised on the current financial scenario of the organisation. A K Kundu, ED (Mines) was also present through online mode. The session was attended by the Chief General Managers and HODs of the Plant.
Elaborating on the financial and steel scenario, the DIC expressed his concern over the drastically plummeting profit margin of RSP because of the soaring coal prices and other input cost. Bhowmick spelt out the need of increasing the volume of production, strategising the product mix, maximising production of value added products, zero tolerance to breakdowns and accidents and quick stabilisation of Hot Strip Mill – 2 so as to face the challenges of the lean period.
“I believe that, this is a temporary phase, and we need to sail through this period successfully by further enhancing our efficiency,” said Bhowmick.
During the programme a presentation was made on ‘Current Financial Scenario,’ by Hareesh Agarwal, Deputy Manager (F&A) highlighting NSR trend in the market, production wide contribution trend, rising cost trend, major threats like competitors interplay, techno-economic parameters, falling NSR and reworking on the product mix, capacity increase and maximising production.
Critical inputs were also provided by A K Behuria, CGM Incharge (F&A). At the outset S K Nayak, CGM (F&A) welcomed the gathering and briefed about the current problems being faced by RSP on the financial front.
