SAIL is looking seriously towards emerging green opportunities
Steel Authority Of India Limited (SAIL) is quite well known for its ra
pidly improving balance sheet year on year. The company had yet another stupendous financial year 2006-07 with a turnover of Rs.391.89 billion (growth of 21% y-o-y) & net profit after tax of Rs.62 billion (growth of 55% y-o-y). Chairman S.K. Roongta, while highlighting the inner strengths of the company further reiterated, “We (SAIL) are determined to make optimum use of our resources.” And SAIL has been quite bullish on environmentally sustainable growth for which it recently received a CSR award. In an industry like steel, eliminating pollution becomes difficult even with latest technologies. As R.Sreedhar, steel environment expert, says, “Although the SAIL Bhilai plant has won the CSR Award this year, still communities around that area continue to suffer from pollution and very little corrective action is being taken...” But the SAIL plant is doing quite a bit.
For Complete IIPM Article, Click on IIPM Article
Steel Authority Of India Limited (SAIL) is quite well known for its ra
pidly improving balance sheet year on year. The company had yet another stupendous financial year 2006-07 with a turnover of Rs.391.89 billion (growth of 21% y-o-y) & net profit after tax of Rs.62 billion (growth of 55% y-o-y). Chairman S.K. Roongta, while highlighting the inner strengths of the company further reiterated, “We (SAIL) are determined to make optimum use of our resources.” And SAIL has been quite bullish on environmentally sustainable growth for which it recently received a CSR award. In an industry like steel, eliminating pollution becomes difficult even with latest technologies. As R.Sreedhar, steel environment expert, says, “Although the SAIL Bhilai plant has won the CSR Award this year, still communities around that area continue to suffer from pollution and very little corrective action is being taken...” But the SAIL plant is doing quite a bit.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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