Page 15 - Cost_Competitiveness
P. 15
15
The Institute of Cost Accountants of India
Business Level Strategic Actions generation through Top Recovery Tur-
bines (TRT) in the BFs. (b) steam gener-
► Cutting production idling blast fur- ation through Coke Dry Quenching (c)
naces at three sites in Europe as a part using pellets at blast furnaces to reduce
of the ‘Weathering the Storm” initiative. coke rate (d) effcient use of by-product
gases for power generation (e) reducing
► Taking measures for yield improve-
ment and reduced power consumption. middling coal and light diesel oil con-
sumption (f) undertaking energy audit
► Reducing general administrative (g) planning to commission and oper-
expenses by 15 percent. ate new LD gas holder to recover LD gas
► Restructuring sourcing pattern by from all steel melting shops at a bench-
centralizing purchase of raw materials, mark level of 80 NM3/tcs (h) planning to
iron ore, coke, limestone, coal etc under recover sensible heat of coke by instal-
Group’s Global Procurement Policy. lation of coke dry quenching systems in
batteries at coke plant (i) replacement
Functional Level Strategic Actions of old boilers.
► Driving excellence through inno-
► Improving working capital man- vation by developing new value added
agement effciency. products like Silent Track which reduc-
► Investing in raw material assets to es peak noise levels in half on rail lines
provide better raw material security. that run through built-up areas; Nest-in,
a mass housing solution product; Bake
► Rephasing capital investment pro- Hardened 260, a new hi-tech steel grade
grammes. product which protects cars from dents
► Bringing down inventory holding and makes door and bonnets 7 percent
period. lighter; Superlinks, a high strength ribbed
TMT reinforcement bar; Tiscon Ready-
► Renegotiating coal contracts and
using cheaper domestic scrap. build, a ready-to-use rebar for con-
struction projects; Pavise, an armour for
► Utilising only large blast furnaces military vehicles, a new electrical steel
(BFs) for production discontinuing oper- products which reduce electricity losses
ation of smaller and uneconomical BFs. by 20-30% compared to conventional
► Manufacturing improved and grain-oriented grades; JCB Fastrac Ma-
higher grade medium carbon and high chine which consumes less fuel and can
carbon wire rods which have better ac- handle bigger loads.
ceptability in the market and can fetch
higher realisation.
► Taking effective steps for reducing
power cost through energy conservation
by taking measures, namely, (a) power
www.icmai.in
The Institute of Cost Accountants of India
Business Level Strategic Actions generation through Top Recovery Tur-
bines (TRT) in the BFs. (b) steam gener-
► Cutting production idling blast fur- ation through Coke Dry Quenching (c)
naces at three sites in Europe as a part using pellets at blast furnaces to reduce
of the ‘Weathering the Storm” initiative. coke rate (d) effcient use of by-product
gases for power generation (e) reducing
► Taking measures for yield improve-
ment and reduced power consumption. middling coal and light diesel oil con-
sumption (f) undertaking energy audit
► Reducing general administrative (g) planning to commission and oper-
expenses by 15 percent. ate new LD gas holder to recover LD gas
► Restructuring sourcing pattern by from all steel melting shops at a bench-
centralizing purchase of raw materials, mark level of 80 NM3/tcs (h) planning to
iron ore, coke, limestone, coal etc under recover sensible heat of coke by instal-
Group’s Global Procurement Policy. lation of coke dry quenching systems in
batteries at coke plant (i) replacement
Functional Level Strategic Actions of old boilers.
► Driving excellence through inno-
► Improving working capital man- vation by developing new value added
agement effciency. products like Silent Track which reduc-
► Investing in raw material assets to es peak noise levels in half on rail lines
provide better raw material security. that run through built-up areas; Nest-in,
a mass housing solution product; Bake
► Rephasing capital investment pro- Hardened 260, a new hi-tech steel grade
grammes. product which protects cars from dents
► Bringing down inventory holding and makes door and bonnets 7 percent
period. lighter; Superlinks, a high strength ribbed
TMT reinforcement bar; Tiscon Ready-
► Renegotiating coal contracts and
using cheaper domestic scrap. build, a ready-to-use rebar for con-
struction projects; Pavise, an armour for
► Utilising only large blast furnaces military vehicles, a new electrical steel
(BFs) for production discontinuing oper- products which reduce electricity losses
ation of smaller and uneconomical BFs. by 20-30% compared to conventional
► Manufacturing improved and grain-oriented grades; JCB Fastrac Ma-
higher grade medium carbon and high chine which consumes less fuel and can
carbon wire rods which have better ac- handle bigger loads.
ceptability in the market and can fetch
higher realisation.
► Taking effective steps for reducing
power cost through energy conservation
by taking measures, namely, (a) power
www.icmai.in
