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In order to be a respected World class Corporation and the leader in Indian steel business in terms of quality, productivity, profitability and customer satisfaction, Steel Authority of India Limited has drawn a directional road map – the Corporate Plan-2012. The Plan is drawn in two phases - upto 2006-07 and 2011-12, to correspond with the Tenth and Eleventh Plan. The major goals/objectives of the Plan drawn by Steel Authority of India Limited are : -
· To continue to be mainly in the business of Steel and Steel related activities.
· Protect Market Share of about 26% and grow by focusing on increasing share in growth segments.
· Achieve Hot metal production level of 20MT by 2012
· To improve profits by Cost reduction and value added products
· Appropriate Technology interventions, 100% production through the BF-BOF-CC route and reduction in semis to less than 5%,
· Aim at excellence in quality across the value chain
· Ensure availability of key raw material
· Build Customer Centric Processes, Systems, Structure and Procedures
· To address infrastructure and other issues, which affect long term growth of the company
· Maintain Financial Health with rational investment and controlled borrowing. Capital expenditure of about Rs.25,000 crore by 2011-12, primarily funded by internal accruals, supplemented by market resources.
· Interventions to achieve all round functional improvements – Marketing, Human Resources, Infrastructure & Utilities, Maintenance, Information Tehcnology, Environment and Safety management etc.
· Better Environment compliance and improved safety, aiming for zero fatal accidents
· To aim at achieving international/national benchmarks on production cost and consumption ratios especially in new untis with due allowance for prevailing conditions, technology, facilities. Inputs etc.
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BJ:PM
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