Main
SAIL posts 16% growth in sales during April-December’16
- SAIL posts 16% growth in sales during April-December’16
- Domestic sales along with exports contribute to sales growth
- 15% growth recorded in Sale able steel production during April-December’16
New Delhi, January 04, 2017: Steel Authority of India Ltd (SAIL) has posted a solid sales growth of 16% during the April – December’16 period over the corresponding period last year. The improved domestic sales as well as expanding exports, with the latter recording a remarkable rise of around more than double during this period, contributed to the improved sales numbers. The company’s exports rise is in keeping pace with the SAIL’s focus to expand its global foot prints.
At the production front, SAIL produced 10.18 Million Tonnes (MT) of sale able steel during Apr-Dec’16 period, of which 1.18 MT alone came in December’16, registering a 15% growth in sale able steel production over Apr-Dec’15.
With enhanced performance from the modernized units, the techno-economic parameters also exhibited improvement during the first nine months of FY 16-17 (BF productivity: 7% and Coke Rate: 3% improvement). This is conforming to the company’s constant endeavors to attain most effective utilization of all resources as SAIL recognizes that its business activities have direct and indirect impact on the society. The company realizes that water is a vital resource and should be judiciously utilized. In this endeavor, SAIL is observing January 2017 as ‘Water Conservation Month’ across all its Plants and Units with a target to reduce water consumption by 25%.
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores