March 29, 2024 16:19 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi to kickstart BJP's Lok Sabha poll campaign from Meerut | Kangana Ranaut in Mandi: 'Don't think I am a heroine, consider me as your sister and daughter' | Mayawati, Akhilesh Yadav demand high-level probe into Mukhtar Ansari's death | PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63
SAIL records a growth of 47 % in December sales

SAIL records a growth of 47 % in December sales

India Blooms News Service | @indiablooms | 01 Jan 2020, 05:53 pm

New Delhi/IBNS: Public Sector steelmaker Steel Authority of India Limited (SAIL) welcomed the New Year – 2020 at a function held at the Company’s Headquarters in New Delhi on Wednesday.

While addressing the SAIL Collective on this occasion, Anil Kumar Chaudhary, Chairman, SAIL, 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% 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’20 (April’19 – December’19), SAIL has already supplied 9.25 lakh tonnes of rails to the Indian Railways where the entire supply 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 production of rails substantially.

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 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. 

  

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.