SAIL Q3 FY17 gross turnover grows by over 25%

Improved sales volume across all products gave a boost to SAIL’s turnover in Q3 FY17 which got increased by 25.8 pc at Rs 12,490 cr compared to last year

GN Bureau | February 13, 2017


#SAIL   #Bhilai Steel Plant   #PSU  

Steel authority of India ltd. (SAIL) registered an increase in total sales by 16 per cent and 12.5 per cent for the April-December (9M) period and quarter third (Q3) of 2016-17 fiscal with 9.66 million tonnes (MT) and 3.27 MT of saleable steel respectively over the corresponding period of last year.
 
The Maharatna PSU also posted highest ever 9M saleable steel production at 10.2 MT witnessing a growth of 16.5 per cent and 9.2 per cent growth in Q3 FY17 over last year. The growth in production and sales is driven by an all-round improvement strategy of the top management by strengthening the entire value chain, a SAIL release stated. During the 9M period, exports volume considerably rose and more than tripled as compared to the corresponding period of last year.
 
Owing to the improved sales volume across all products, SAIL’s gross turnover in Q3 FY17 was higher by 25.8 per cent at Rs 12,490 crores as compared to the last year’s same period.
 
Realising the crucial challenges faced by the steel industry and rising domestic competition, SAIL has already commenced the supply of long rails from its 1.2 MTPA new universal rail mill, Bhilai. The enterprise is in its final leg of finishing remaining modernisation projects, ramping up production from new mills and achieving its rated capacity soon.

 

Comments

 

Other News

Five years after Nirbhaya: A lot needs to be done

Have things changed five years after the Nirbhaya incident? I see Delhi as the capital of protest, not just capital of rape as it is often painted. In terms of legislation, in 2013 one-stop-centres were set up after the landmark report of Justice Verma Committee and Justice Usha

Winter session will be productive: Modi

The winter session of parliament is starting and I am confident that it will be productive session, said prime minister Narendra Modi on Friday. He hoped that there is “constructive debate and we come up with innovative solutions to our nation`s problems”. Speaking

Know more about Project 75

When prime minister Narendra Modi dedicated Kalvari submarine to the nation, it was significant for more than one reason. Not only did the submarine enhance India’s capability as a blue water navy, it also highlighted Project 75 that focused on a major exercise to build six submarines.

Deadline for linking Aadhaar with services extended till March 31

 A five judge constitution bench of the Supreme Court in its interim ruling on Friday has fixed the deadline for linking Aadhaar with services including mobile numbers as March 31, 2018.   This excludes opening up of new bank accounts for those already having  Aadhaar. For tho

The fairy-tale thriller

Assembly elections in Gujarat, since 2002, have been like Churchill’s description of Russia – with a little twist: wrapped in a mystery, inside an enigma, but eventually a non-riddle. They have been following the same script. When the campaign begins, the outcome looks utterly un

Ascent and dissent

Rahul Gandhi has become the president of India’s grand old party. Nobody else wanted to, since none contested. By any parameter, it is not a welcome move in a democracy. Regardless of your views on his leadership abilities, the fact remains that there was no contest, no election for the top post. The



Video

National Medical Commission will replace Medical council of India

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter