PUBLIC sector steel major Steel Authority of India Limited
(SAIL) sold 1.14 million tonne of steel in January. The figure is 10 percent
more than its January figure last year. During April-January, SAIL’s sales grew eight percent year-on-year to 9.84 million tonne backed by surge of 47 percent...
in its exports. Whereas the sales of flat steel grew by
23.5 percent compared to the like period last year, most products in the
company's product basket also witnessed a sizable growth, the company said in a
release today.
"The uptrend in the first month of 2014 is a firm
indicator of the times to come. We are confident of maintaining the momentum in
sales growth, which will be supported by production of better and wider range
of products like universal beam, wire rods and wider plates from the new
state-of-the-art facilities coming up in phases," chairman CS Verma said. In the flat
steel segment, sales growth during Apr-Jan was up 10.6 percent from
corresponding period last year.
SAIL’s units kept pace with aggressive sales strategy of the
company and increased production of salable steel by four percent in Apr-Jan
to 10.74 million tonne.
SAIL is India's largest steel producing company. With a
turnover of Rs. 49,350 crore, the company is among the seven Maharatnas. SAIL
has five integrated steel plants, three special plants, and one subsidiary in
different parts of the country. SAIL manufactures and sells a broad range of
steel products, including hot and cold rolled sheets and coils, galvanised
sheets, electrical sheets, structurals, railway products, plates, bars and
rods, stainless steel and other alloy steels.
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