Accent on Modernisation

Accent on Modernisation TATA IRON AND STEEL (TISCO), tne biggest private sector company in terms of assets and the second biggest in terms of turnover, suffered a setback in saleable steel production in the year ended March 1991. The adverse factors affecting production included disturbances disrupting the flow of raw materials to the steel works and the movement of finished steel from the plant and arratic power supply. Production of saleable steel at 1.9 million tonnes was lower compared to 1.913 million tonnes achieved in the previous year. The higher internal construction requirements for continuing large modernisation programme resulted in a decline in sales by 4,800 tonnes at 1.64 million tonnes as against 1.688 million tonnes in the previous year.