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A Journey towards Excellence: Steel Authority of India Limited from Navratna to Maharatna

Drishtikon: A Management Journal

Volume 2 Issue 2

Published: 2011
Author(s) Name: Niranjan Kumar Singh and Nita Choudhary
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Abstract

The Central public sector enterprises (CPSEs) have played a key and vital role in developing the nation on the global map. In 1996- 1997, it was decided by Government of India that public sector companies having comparative advantages should be supported in terms of grant of autonomy in their drive to become global giants. SAIL was one of the companies identified by the Government to start the drive for grant of autonomy. This paper will focus on the journey of SAIL towards Maharatna status from Navratna and how the strategic decisions of SAIL has affected its performance due to economic reforms and fluctuating market conditions in the way to become a global giant.

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