New Delhi: Stressing on achieving self-reliance for input material, SAIL Chairman Anil Chaudhary has said the company should meet two-third ferro alloy requirement in-house for better cost efficiency.
“It is time for us to not just concentrate on increasing production capacity but also to become self-reliant in terms of input material as well,” said Chaudhary, during his visit to the State-run steel maker’s Chandrapur Ferro Alloy Plant in Maharashtra.
“Chandrapur Ferro Alloy Plant (CFP) which meets about 40 of SAIL’s Manganese ore based ferro-alloy requirement must raise the production to the rated capacity, so as to enable SAIL to meet two-third of its total ferro-alloy requirement. This will not just be a strategic advantage for SAIL but will also lead to better cost efficiency,” he was quoted saying.
Chaudhary also said that each unit is important in reaching the set targets of production.
Elaborating further, he said SAIL is committed to the Ministry of Steel’s target of increasing steel production to 300 million tonnes by 2030-31 and in the process, it will augment production capacity to 50 million tonnes.
Chaudhary said CFP must tighten its belt start preparing now because this will warrant an increased requirement of ferro alloys and the unit must be able to undertake such an increased requirement in the future.
He further said, “The more self-reliant we are in terms of inputs and raw materials, the more will we be able to assert our presence in the market.”
CFP is the India’s largest and the only public sector company producing ferro-alloy in the country with an installed high carbon ferro manganese installed capacity of 1.9 lakh tonnes per year or silico manganese installed capacity of 1.3 lakh tonnes per year.