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CMD Desk

    Shri Atul Bhatt, CMD, MECON


    Dear Fellow MECONians,


    सीमित मुश्किलों से कभी हारती नहीं असीमित उम्मीदें...

    इसी जज़्बे की कलम से हम लिखते हैं अपनी तकदीरें...

    इन्ही शब्दों के साथ आप सब को नव वर्ष 2021 की हार्दिक शुभ कामनाएं !!!

    We are moving to the shore after coming out of the deep sea of calamity. There was a time when all of us were faced with the challenge of fighting an unknown force. But it is a matter of gratification that the collective efforts of MECONians took on the challenge and we kept moving forward inspite of the hurdles and challenges, demonstrating the untiring spirit of MECON against the unprecedented pandemic.

    It gives me immense pleasure to congratulate each one of you, whose efforts have led our Company to record a remarkable Profit Before Tax of `87.03 Crore in the FY 2019-20 and register Operating Profit for the first time, after FY 2012-13.

    Strategic planning and dedicated efforts have secured for our Company, a rejuvenated performance during that fiscal, by registering `647.51 Crores as Revenue from Operations, which is highest in last seven financial years (FY2012-13 to FY2019-20).

    Moreover, the Networth of the Company for the fiscal 2019-20, at `433.49 Crores, is highest in last ten FYs (2010-11 to 2019-20). Consequently, MECON is going to pay a dividend of `21.67 Crores to Govt. of India for FY 2019-20.

    With respect to the long due Promotions also, I assure you, that the process is in final stages and the promotions shall be declared shortly.

    Now let me share with all of you, the most awaited information and that is the status of our Pay Revision. I am elated to inform that MECON Board has approved our Pay Revision proposal and it has been submitted to Ministry of Steel, for seeking Government’s order for its implementation.

    Undoubtedly, it’s a big step forward, but our performance in current FY will have a decisive impact on the Government’s nod for implementation of Pay Revision in MECON. Therefore, remaining profitable and accomplishment of MoU targets of 2020-21 becomes our prime responsibility at this juncture.

    Our Order booking position, till November 2020, stands at `2205.35 Cr, including, EPC for Rebuilding of Coke Oven Battery No. 7 & 8 at Bhilai Steel Plant and for Coke Oven Battery No. 2 at Rourkela Steel Plant for SAIL. While the Order booking position is encouraging, we need to meticulously plan our Turnover, as only three crucial months are left. So let us take this point to start off our race against time and synergise our efforts, towards achievement of a respectable position, against the stringent MoU targets, set by the Government for FY 2020-21, and most importantly remaining ‘Profitable’.

    Now what we all need to focus on is, to transform this challenging time into an opportune time by ensuring ‘Synergized & Result-oriented efforts of each MECONian’. Therefore, I urge all of you to take up all official assignments without hesitation and do not leave any stone unturned. Being at the helm of affairs, your Management is always with you, to provide the required resources and support for realising the best of your potential.

    Let’s override the challenges and bring in the changes, we wish to see in MECON!!!

    At last, on behalf of everyone, I earnestly pray for our country to get liberated from the life-changing pandemic at the earliest, so we can breathe in ‘COVID free India’ very soon...

    And till then...stay safe and have a more promising and resilient New Year 2021!


    Atul Bhatt