PSU Watch logo

| NTPC receives Rs 135 crore as 2nd interim dividend from APCPL |   | NHAI suffered a toll loss of Rs 2,731 crore due to farmers' protest |   | Govt hints coal crisis was caused by power sector’s failure to predict surge in demand |   | Decision on RINL privatisation not under reconsideration: Steel Minister in Lok Sabha |  

SAIL records a growth of 47% in December Sales

During the nine months of FY2019-20 (From April – December 2019), SAIL has already produced 9.25 lakh tonnes of rails to the Indian Railways where the entire production of rails was 9.85 lakh tonnes during the previous Financial Year 2018-19
New Delhi: Steel Authority of India Limited (SAIL), the largest Public Sector steelmaker, welcomed the New Year – 2020 at a function held at the company’s headquarters at Lodi Road, New Delhi on January 1. While addressing the SAIL collective on this occasion, SAIL's Chairman Anil Kumar Chaudhary said “Despite the challenging steel market conditions, SAIL has exhibited resilient performance consistently and will continue to do so in future also. The Company has achieved the highest ever sales in a month during December 2019. With sales of 1.68 Million Tonnes in December 2019, the Company clocked a growth of 47% over CPLY.” Incidentally, SAIL posted a 36 percent jump in sales during November’19 over CPLY. The company is consistently maintaining the growth momentum in sales. While making special reference to the supply of rails to the Indian Railways, he mentioned, “During the nine months of FY’2019-20 (April’19 – December 19), SAIL has already produced 9.25 lakh tonnes of rails to the Indian Railways where the entire production of rails was 9.85 lakh tonnes during the previous Financial Year 2018-19.” To cater to the growing demand of the Indian Railways, SAIL is gearing up to enhance the production of rails substantially.
“Despite the challenging steel market conditions, SAIL has exhibited resilient performance consistently and will continue to do so in future also. The Company has achieved the highest ever sales in a month during December 2019. With sales of 1.68 Million Tonnes in December 2019, the Company clocked a growth of 47% over CPLY:” Chairman SAIL
Chaudhary applauded the proactive role, supportive policies and continued encouragement of the government for the development of the steel industry. In the current competitive market, SAIL is making relentless efforts to reduce the cost of production on an ever on-going basis. Its strategic priorities include enhancing volume, improving techno-economic parameters and process efficiency and developing new products. Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.