Monday, October 3, 2022

SAIL clocks 35% rise in sales in January

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New Delhi: The Maharatna steel PSU Steel Authority of India Limited (SAIL) has registered significant growth in the sales in January. Maintaining the growth momentum in sales, the company has registered a 35 percent rise during the month, over the corresponding period of the last year.

In January, SAIL has recorded 16.59 lakh tonnes of sales. In the period from April 2019 to January 2020 (10-month period), the company has achieved a 10.8 percent increase in sales over the same period last year. Incidentally, with the growth in sales in January, SAIL has continued the streak of sales growth consistently as it had posted a rise of 47 percent and 36 percent in sales during December and November 2019, respectively.
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During January 2020, SAIL exported 1.82 lakh tonnes of steel, which is also the best ever export performance by the company in any month.

SAIL has maintained a consistent growth momentum in sales during the year. At the same time, the prime rail production has also surged and crossed the 1 Million Tonne mark in 10 months (April 2019 – January 2020), registering an astounding 37 percent growth over the previous year. The company’s focused strategies have helped SAIL in surmounting the challenging market situations. The new and modernised mills across SAIL plants are also being rapidly stabilised, which will enrich the product basket of SAIL substantially to cater to the evolving market requirements.

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