SAIL posted its highest ever EBITDA of Rs 13740 Crore which was higher by ~23% over CPLY.
GN Bureau | September 29, 2021
The Steel Authority of India Limited (SAIL) held its 49th Annual General Meeting. Soma Mondal, Chairman, SAIL while addressing the shareholders described FY '21 as the year of ‘Growth and Scaling newer heights’ for SAIL. SAIL posted its highest ever EBITDA of Rs 13740 Crore which was higher by ~23% over CPLY. The factors which helped improve profitability included higher sales of secondary products, sale of iron ore fines, lower usage of other raw materials, improvement in techno-economic parameters, benefit in stores and spares expenses, decreased purchased power rates, reduction in interest charges, higher dividend income and forex exchange gain among others. The Profit Before Tax (PBT) of the company stood highest in the last ten years.
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