SAIL achieves significant growth in turnover -Governance Now

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

When Nandini Satpathy told Biju Patnaik: ‘I’ll sit on the chair you are sitting on’

Nandini Satpathy: The Iron Lady of Orissa By Pallavi Rebbapragada Simon and Schuster India, 321 pages, Rs 765

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool