Steel Authority of India (SAIL) has launched COIS (Cost Optimization Initiatives of SAIL), which could help the company save about Rs 5,000 crore over the next three years. In this initiative, the company will mainly focus on input optimization, improve the operational efficiency by optimally utilising the available assets, quick stabilization of the newly commissioned units, reduce overhead costs and enhance employee productivity.
SAIL is India's largest steel producing company. With a turnover of Rs. 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
