SAIL achieves significant growth in turnover

The total sales volume at 3.028 million tonnes (MT) recorded a nine percent growth

GN Bureau | August 16, 2017


#SAIL   #sales   #volume   #steel  

 Steel Authority of India Ltd (SAIL) clocked a turnover of Rs 12,860 crore in the first quarter of 2017-18 FY, registering a growth of 26 percent over the turnover of Rs 10,180 crore achieved in corresponding period last year (CPLY).

In the same quarter, the total sales volume at 3.028 million tonnes (MT) recorded a nine percent growth over CPLY. The enterprise’s sales of finished steel (without semis) were also up by 4.12 lakh tonnes during first quarter of 2017-18FY as compared to Q1FY17, recording a 19 percent growth.
 
In the first quarter of 2017-18FY (Q1FY18), SAIL bore an impact of 115 percent higher price on account of imported coal and 25 percent higher price on account of indigenous coal over CPLY, pushing down the overall profitability margin despite a 14 percent higher Net Sales Realisations (NSR) over same quarter last year.
 
During the quarter, due to cyclone Debbie, the supplies of coking coal from Australia were adversely impacted, resulting in lower production volumes of saleable steel. 
 
However, the techno-economic parameters showed improvements with respect to Coal Dust Injection (CDI), coke rate, blast furnace productivity and production through the more efficient continuous casting route.
 

Comments

 

Other News

Modi at Davos: On how to realise the dream of a beautiful shared future

Prime minister Narendra Modi underlined the need for a consensus among the nation to realise the dream of a beautiful shared future, as he addressed the plenary session of the World Economic Forum (WEF) in Davos on Tuesday. After introductory remarks by the Forum`s founder and executive chai

RECTPCL hands over SPV to Power Grid Corp

REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation Ltd (REC), has handed over project specific special purpose vehicle (SPV) namely ERSS XXI Transmission Ltd to Power Grid Corporation of India Ltd (PGCIL). Competing alongside with the private p

BEML launches new wheel loader

Bharat Earth Movers Limited (BEML), a ministry of defence PSU, has launched a 5.4 ton wheel loader BL30-1 at Excon Exhibition 2017 in Bangalore. The high performance and rugged wheel loader is designed and developed by BEML. BL30-1 Frontend Wheel Loader is designed for maximum

SC must be subject to constant scrutiny: Justice Chelameswar

The supreme court should be subjected to constant scrutiny so that it improves, Justice Jasti Chelameswar said at a book release function on Monday. This was his first public appearance in Delhi after a January 12 press conference at which he and three fellow judges had spoken up about their differences wi

Karat then, Yechury now; Left leadership remains clueless

Much before Communist Party of India (Marxist) general secretary Sitaram Yechury got marginalised within the party’s central committee last week over the possibility of an alliance with the Congress, is learnt to have had an interesting conversation with Arun Jaitley, his fellow student-politician ba

Thumri should be taught in schools: Chhannulal Mishra

Pandit Chhannulal Mishra is a noted exponent of Banaras and Kairana gharanas. Born in Hariharpur of Azamgarh district, he learnt musical notes from various gurus and thus his music is an amalgamation of various forms and gharanas. His classical folk music has been mesmerising music lovers across the wo

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter