SAIL Q1 turnover increases by 22.42% -Governance Now

SAIL Q1 turnover increases by 22.42%

SAIL Chairman says that operational performance has recorded improvement over the past many quarters and the trend is likely to continue

GN Bureau | September 5, 2018

#SAIL #steel #profit #Saraswati Prasad

Steel Authority of India Ltd. (SAIL) has clocked a profit after tax (PAT) of Rs 540.43 crore in the first quarter (Q1) of current fiscal. SAIL’s turnover in Q1 2018-19 rose by 22.42 per cent over corresponding period of the last year to Rs 15,743.21 crore.

SAIL claims that it is bringing comprehensive improvements in its entire operations, backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of the current fiscal, the PSU’s saleable steel production was 3.61 million tonnes (MT) which rose 13 per cent over CPLY. The company’s sales volume at 3.271 MT in Q1 FY19 was also eight per cent higher over CPLY. It recorded improvement in all the techno-economic parameters including coke rate by three per cent, blast furnace productivity by two per cent and Specific Energy Consumption by three per cent over CPLY.

Chairman, SAIL Saraswati Prasad said that operational performance has recorded improvement over the past many quarters and the trend is likely to continue. SAIL has taken several new initiatives which will help the Company in improving its physical and financial performance.

Comments

Other News

Oracle Adds AI Capabilities to Oracle Analytics Cloud

Oracle has showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to more quickly and efficiently conduct sophisticated analysis and make better business decisions

Domestic airlines show 38.27% growth in passenger numbers

The domestic aviation industry has witnessed a remarkable surge in passenger traffic during the first eight months of 2023. According to the latest data analysis, the number of passengers carried by domestic airlines from January to August 2023 reached an impressive 1190.62 lakhs, marking a substantial inc

MPs bid adieu to historic parliament building, step into new building

A function was organised in the Central Hall of Parliament on Tuesday to commemorate the rich legacy of the Parliament of India as the Members came together to bid adieu to the historical building before stepping into the New Building of Parliament. Prime Minister Narendra Modi, Lok Sabha sp

Real action, not words alone, needed to achieve UN agenda 2030: civil society

As politicians and policymakers make speeches at the United Nations during a high-level summit next week to assess the lack of progress on the 2030 Agenda and the Sustainable Development Goals (SDGs), people’s leaders representing some of the world’s most marginalised communities have come toge

Fourth GPFI G20 meeting pledges to work for universal financial inclusion

The fourth G20 Global Partnership for Financial Inclusion (GPFI) meeting held in Mumbai during September 14-16 concluded with members agreeing to work towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan. Over the course of three days, discuss