SAIL posts best ever crude steel production in FY’19 -Governance Now

SAIL posts best ever crude steel production in FY’19

In FY’19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS 90 rail

GN Bureau | April 8, 2019

#SAIL #Net profit #financial health #PSU #crude #steel production

Total steel despatch from SAIL was the highest ever at 14.86 MT during FY’19 due to a dedicated logistics set-up created by SAIL recently. The production from new mills of SAIL plants has recorded marked improvement in FY’19, giving an enriched product basket.

The 2018-19 FY ended with a robust performance during Q4 with a growth of 10 percent, eight percent , 14 percent and 13 percent in respect of production of hot metal, crude steel, saleable steel and sales respectively. In FY’19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS 90 rail. The production of rails got momentum in the second half of FY’19 with around 5.66 lakh tonnes of production. In line with this improved performance, the PSU has managed to improve its turnover by 16 percent which now stands at Rs 66,100 crore.

Comments

Other News

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday. CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future. At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.