News
SAIL achieves highest ever July sales, 50 pc above July 2019 sales


The Steel Authority of India Limited (SAIL) attained a sales volume of 15.83 lakh tonnes in July 2020, which is its best-ever performance in the month of July and an impressive growth of about 50 per cent over July 2019 sales which was 10.59 lakh tonnes.
According to a press release, the company sold 12.73 lakh tonnes in the domestic market while it exported 3.10 lakh tonnes of steel during July’20, attaining a growth of 29 per cent and 349 per cent respectively over CPLY.
During these challenging times of corona pandemic, the company has reoriented its efforts towards strategic marketing and customer-centric operations leading to improvement in its performance, said the release. The July showing comes immediately after the record June sales.
The consequent improvement in cash collections despite lower prices compared to CPLY coupled with stringent financial measures, the company has been able to bring down its borrowings below the psychological level of Rs. 50,000 crore.
-
News4 weeks ago
CapitaLand India Trust Diversifies Funding Sources With Rs 13 Bn Onshore Loan To Develop Its Navi Mumbai Data Centre
-
News4 weeks ago
Bharat Housing Network raises Rs 125 cr in its Series A led by NABVENTURES Fund
-
News1 week ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News4 weeks ago
Up to 31% Housing Rental Value Growth in IT Hubs in Top 7 Cities in 9M 2023
-
News2 weeks ago
Fractional Real Estate Can Reshape the Second Home Market in India
-
News4 weeks ago
Risland India’s ‘Sky Mansion’ Obtains OC
-
Report4 weeks ago
Colliers APAC cap rate report_Q3 2023_V2
-
News2 weeks ago
Aparna Constructions and Estates Launches Aparna Greenscapes in Hyderabad, Plans Rs 1400 Crores Investment