RSP''s dramatic turnaround

Jamshedpur, Feb 15 (PTI) The steps initiated by themanagement of the country�s first integrated steel plant inthe public sector Rourkela Steel Plant (RSP)made a dramatic turnaround in the steel plant and the citywithin few years in early 2000.

A strong percent of threat to the very survival of RSPwas prevailing among its employees and management even as thesteel city of Rourkela was labelled as ''Dead City'' by the thensteel minister and the chief minister as the company wasrecurring a loss of Rupees three crore per day in 2001, thethen RSP managing director Sanak Mishra told a gathering hereyesterday.

Delivering a presentation on �The Resurrection of aSteel Plant and the Renaissance of a Steel city� during afelicitation function for Indian Institute ofMaterials(IIM)-National Metallurgist Day (NMD)-2010 hereyesterday, Mishra said the company was in a very bad shapefinancially as the employees had virtually lost faith in itssurvival when he took over as Chairman-cum-Managing Directorin Mid-2001.

Mishra asserted that certain steps initiated tomotive employees and their families as well as regularcommunication and meetings to improve performance paiddesireable dividend within a couple of year as the company hadstarted looking upward.

Mishra, now the vice-president of Arcellormittaland CEO of Greenfield projects in the country, said dramaticturnaround in the RSP has been a case study for universitiesabroad. (more) PTI BSMM