Addressing the 45th Annual General Meeting of Steel Authority of India Ltd. (SAIL) held in New Delhi on September 22, SAIL Chairman PK Singh expressed confidence in improving the Company's performance during the current FY 2017-18. He pointed out that the company was focusing on new product mix to improve margins. It was also focusing on rural markets under its recently-launched "Gaon Ki Or" program. Pointing to the company's endeavors towards product value addition, Singh said that, "SAIL has done significant value addition in its product mix, with higher grades of steel like API X-70 from RSP's New Plate Mill for the oil & gas sector, SAIL HT-600 for the automotive sector and high strength LPG steel grade from Bokaro Steel Plant, etc. Continuous product development efforts are being made with intensive R&D efforts especially from the new state of the art mills commissioned under the Modernisation and Expansion Plan". He pointed out that among the Indian steel producers, SAIL continues to be in the forefront in R&D with the highest spending." He listed out the new initiatives of various steel mills under SAIL.