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