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Rourkela Steel Plant may be privatised

in State News March 8, 2017 Comments Off on Rourkela Steel Plant may be privatised 1,412 Views

Rourkela(ONT Bureau)8/3/17; Steel Authority of India (SAIL) is withdrawing its investment from three steel plants owing to immense losses for which the process will begin by April, 2017. Rourkela Steel Plant is also a loss making unit now and may be privatised. However, the RSP authorities are trying their best to avoid withdrawal of SAIL by increasing rents of their properties let out to various groups.
By December 2016, the losses of RSP had risen to a whopping Rs 3,432 crores. With decline in price of imported coal, price of steel production in the market has also reduced. However, compared to private players, RSP steel is more expensive and hence not popular among buyers. This has led to losses of the plant and missed targets in annual turnover

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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