NCOA Appeals To PM Modi For Merger Of RINL With SAIL

The National Confederation of Officers Associations of Central Public Sector Undertakings (NCOA), an Apex Body of Officers of Central Public Sector Undertakings, has written a letter to Hon’ble Prime Minister Shri Narendra Modi, highlighting the need to merge Steel PSU RINL (Rashtriya Ispat Nigam Limited) with Steel Authority of India Limited (SAIL).

The NCOA argues that steel is the backbone of many strategic sectors critical to our country’s development, including nuclear energy, space research, defence, transport, telecommunications, power and coal, due to its indispensable role in these sectors. Classification of steel industry as a strategic sector. This classification will undoubtedly strengthen our national security and enhance our ability to achieve self-sufficiency in key sectors.

A copy of the letter written by NCOA, received by PMO on January 01, 2024, is given below for the benefit of the viewers of www.indianpsu.com –

Dated-20-12-2023

Prime Minister’s Office

Shri Narendra Modi Hon’ble Prime Minister South Block, Raisina Hill New Delhi – 110011

Subject: Representation of re-merger of SAIL and RINL – Immediate intervention requested

Honorable Prime Minister,

I hope this letter finds you in good health and spirits. I am writing to you in my capacity as the Secretary General of the National Confederation of Officers Associations of CPSES (NCOA), representing the collective voice of executives in various sectors, including the vital steel industry.

I am forwarding herewith the comprehensive representation submitted by the Steel Executives Association (SEA) and the resolutions passed by SEFI & NCOA seeking re-merger of Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL). Visakhapatnam Steel Plant. Visakhapatnam Steel Plant stands as an integrated shore-based steel facility in our country, playing a vital role in the growth and livelihood of our national economy.

As you are well aware, we strongly argue that steel is the backbone of many strategic sectors critical to our country’s development, including nuclear energy, space research, defence, transport, telecommunications, power and coal, due to its indispensable role in these sectors. Classification of steel industry as a strategic sector. This classification will undoubtedly strengthen our national security and enhance our ability to achieve self-sufficiency in key sectors.

This proposed merger is not only a strategic imperative but also a win-win situation for both SAIL and RINL. sAIL will enjoy a potential savings of Rs 45,000 per tonne through a port-based plant, substantial land bank for future expansion and improved logistics. Along with other valuable R&D suppo RINL will benefit from improved ore security which can save Rs 4 to ten thousand per ton of steel.

Moreover, as SAIL has already disinvested 35%, the merger will go smoothly with the government’s disinvestment policy. Integration of these institutions under your honorable guidance will not only optimize the utilization of resources but also contribute significantly to the strategic objectives of the Government.

We strongly believe that your intervention in this regard will pave the way for a robust and globally competitive steel industry. Your visionary leadership has been instrumental in formulating policies in line with the concepts of ‘Aatmanirbhar Bharat’ and ‘Make in India’ and we believe that the inclusion of steel sector in the strategic sector will further enhance the impact of these initiatives.

Honorable Prime Minister, we place our faith and hope in your leadership and look forward to your kind consideration of this representation. Your decisive intervention will contribute significantly not only to the best interests of the steel industry but also to the broader goal of a self-reliant and prosperous “Sarvotham Bharat”.

Thank you for your time and consideration. We remain at your disposal for any further information or clarification. A presentation booklet is also attached for detailed understanding.

With best wishes

Yours faithfully,

(VK Tomar)

Secretary General