Indian Bureaucracy PSU News : Steel Authority of India Limited (SAIL) – the country’s largest public sector steel producer has shown much improved performance in the last financial year 2018-19 in terms of production, techno-economics, sales etc.
SAIL produced 16.3 Mill Tonnes (MT) crude steel in FY’19, registering a growth of 8% over CPLY and clocking the best ever saleable steel production during the year. The production from new mills of SAIL plants has recorded marked improvement in FY’19, giving an enriched product basket. Total steel despatch from SAIL was the highest ever at 14.86 MT during FY’19 due to a dedicated logistics set-up created by SAIL recently.
The FY’19 ended with a robust performance during Q-4 with a growth of 10%, 8%, 14% and 13% in respect of production of Hot Metal, Crude Steel, Saleable Steel and Sales respectively. In FY’19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS 90 Rail. The production of Rails got momentum in the second half of FY’19 with around 5.66 lakh tonnes of production and 35% higher than H1 figure. In line with this improved
performance, Company has managed to improve its turnover by 16% which now stands at Rs. 66,100 crore.
Shri Anil Kumar Chaudhary, Chairman, SAIL appreciated the efforts of SAIL employees and said, “The FY’19 was a remarkable year for SAIL with marked turnaround in various parameter like production, techno-economics, cost of production, higher production of value added products apart from ramping up of production from new mills and sales.”
However, he feels that the challenge for next year is much higher with a plan of 21% increase in production of crude steel and similar growth in sales to catch on with fast growing domestic steel consumption backed up by increased demand from infrastructure and construction segments. “The entire Organization is fully geared up to scale new heights in FY’20”, he added.
IndianBureaucracy.com wishes SAIL the very best.