Panel to fast-track ramping up steel PSUs modernisation

The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms -- SAIL and RINL.

The panel is being chaired by Steel Secretary and has CMDs of SAIL and RINL as its members, a source privy to the development said.

Boston Consulting Group (BCG), which is a leading global management consultancy, is also part of the panel, besides outside experts, the source added.

"The panel has been entrusted with the task to suggest ways for expediting the ramping up of modernisation of both the PSUs (SAIL and RINL) as a lot of money has been spent on modernisation," the source said.

Till February, Rs 64,986 crore has been incurred by SAIL towards modernisation and expansion, mines and related sustenance schemes.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)