PTI
ROURKELA, JAN 1
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The managing director of the Rourkela Steel Plant (RSP) G N Singh today said that global recession and its cascading effect on the steel industry has had its impact on RSP but cost control measures and production strategy had enabled it to withstand the crisis.
Today we are going through one of the most crucial phases in the glorious history of our steel plant with recession in the global economy and its cascading effect, Singh said in a New Year message to the employees of RSP here.
However by strategising our production in response to the market demand and adopting various cost control measures, we have been able to withstand the crisis to a large extent he said.
The modernisation and expansion plan of RSP will continue without any time and cost over runs, Singh said. The modernisation plan envisages capacity increase by more than double to 4.5 Million tonnes of hot metal, 4.2 M.T. of crude steel and 3.9 Mt of saleable steel with establishment of fifth blast furnace.
The MD appealed to the workers to look for areas to control the cost of production and to strive to ensure judicial use of resources and said with the whole hearted support, commitment and dedication of each member, the RSP will garner the strength to face any kind of challenge.
