The Steel Authority of India Limited (SAIL) has recorded its best-ever quarterly performance in both production and sales during Q4FY21.
Despite the volatility in the market during the year, the determined efforts by the company to improve its volumes saw it clock its best ever annual sales at 14.87 MT, a growth of 4.4 per cent over 14.23 MT during FY20, said a press release.
In line with its focus on reducing the borrowings, the company has reduced its gross debts by around Rs. 16,150 crore to stand at Rs. 35,330 crore (provisional) as on March 31,2021 vis-à-vis Rs. 51,481 crore on March 31, 2020.