Which one of the following organizations is responsible for the market...
¶¶ SAIL is one of the largest steel company based in New Delhi and one of the top steel makers in the world.
¶¶ Public sector agency that is responsible for producing and marketing steel in India is SAIL .
Which one of the following organizations is responsible for the market...
Introduction:
In the Public Sector Undertaking (PSU) of steel production, the responsibility for marketing steel lies with the Steel Authority of India Limited (SAIL). SAIL is a government-owned enterprise that is responsible for the manufacturing and marketing of steel in India.
Explanation:
SAIL (Steel Authority of India Limited) is the correct answer for the organization responsible for the marketing of steel in the Public Sector Undertaking. Let's understand why:
SAIL - Steel Authority of India Limited:
- SAIL is one of the largest steel-making companies in India. It is a PSU under the Ministry of Steel, Government of India.
- SAIL was established in 1973 and has its headquarters in New Delhi.
- The company operates and manages several integrated steel plants, including Bhilai Steel Plant, Bokaro Steel Plant, Durgapur Steel Plant, Rourkela Steel Plant, and Salem Steel Plant.
- SAIL is involved in the production and sale of a wide range of steel products, including flat products (coils, plates, sheets), long products (bars, rods, sections), and special steel products.
- The company has a strong marketing network that caters to domestic and international markets.
- SAIL's marketing division is responsible for the promotion, distribution, and sale of steel products manufactured by SAIL.
Other options:
a) TISCO (Tata Iron and Steel Company): TISCO is a private sector steel company and is not a part of the Public Sector Undertaking. It is responsible for its own marketing activities.
b) IISCO (Indian Iron and Steel Company): IISCO is a subsidiary of SAIL. It was merged with SAIL in 2006. SAIL is responsible for the marketing of steel produced by IISCO.
c) BHEL (Bharat Heavy Electricals Limited): BHEL is a PSU involved in the manufacturing of power equipment. It is not directly related to the marketing of steel.
Conclusion:
The organization responsible for the marketing of steel in the Public Sector Undertaking is SAIL (Steel Authority of India Limited). SAIL is a government-owned enterprise and is responsible for the manufacturing and marketing of steel in India. Other options mentioned in the question, such as TISCO, IISCO, and BHEL, are not responsible for the marketing of steel in the PSU.
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