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31 Mar
16:48

India seeks ways to improve Sail performance: reports

India has set up an expert panel to help revive loss-making state-owned steelmaker Steel Authority of India (Sail). This happens after a government review found the company to be far less efficient than its rivals, according to a Reuters report, and is despite having spent more than $10 billion in the past eight years. A review document criticises Sail for everything from the use of low-quality raw materials to outdated technology, suggesting that…
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