Dec 23, 2002 10:18 PM
2269 Views
(Updated Dec 23, 2002 10:20 PM)
SAIL , as is perceived to be in trouble due to it’s employees’ is a notion true but not full truth , coz given the size of its capital and other indirect funds/ benefits it received from the Govt. these indecencies were negligible.
What made it loose heavily was its indirect heavy welfare expenditure, gross mismanagement of it’s assets and of course steep decline in gross realization Per MT of it’s final product , Except decline in realization both the above were it’s own self created luxuries and problems.
During last two – three years , when market taught them with lower realization they learnt the hard way of living with real world and in real reasonable systematic way , they shed their luxuries and learnt to stay lean and thin ( of course total discipline is yet to be achieved ) .
Now with whatever little newly acquired discipline and shot up in sales realization by on an yearly avg. by 25-30% , their bottom line is expected to grow more sharply then their top line , coz barring nominal inflation on personnel side ; which any way will be neutralize by lesser number of its workforce due to VRS ; almost all its raw material is produced / mined in house.
U can expect very well results which will be positive even after wiping out its all previous losses if sales realization remain stable even at these levels if not increase.
