SAIL’s turn over up by 22.42% in Q1

SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies

GN Bureau | August 7, 2018


#SAIL   #PSU  

SAIL has posted a profit after tax of Rs 540.43 crore in the first quarter of the current fiscal. SAIL’s turnover in Q1 2018-19 FY rose by 22.42 percent over the corresponding period of the previous year to Rs 15,743.21 crore.

The EBITDA (earnings before interest, taxes, depreciation and amortisation) in Q1 FY19 was recorded at Rs 2685.46 crore.

SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of 2018-19 FY, the enterprise’s saleable steel production was 3.61 million tonnes (MT) which rose 13 percent over CPLY. The company’s sales volume at 3.271 mt in Q1 FY19 was also eight percent higher over CPLY reflects a robust functioning of all the processes.

It posted improvement in all the techno-economic parameters including coke rate by three percent, blast furnace productivity by two percent and specific energy consumption by three percent over CPLY.

Special secretary and financial adviser to the government of India with additional charge of CMD, SAIL Saraswati Prasad said operational performance of SAIL 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, he said.

Comments

 

Other News

Revamp BMC Engineering Department for better governance, says think tank

Calling for reforms in the Engineering Department of BMC, Mumbai Vikas Samiti, a not-for-profit organisation has said that less than optimum performance of Engineering Function has added to the woes of citizens and deterioration in the quality of life in the metro. In its recently released r

NGO hails Maharashtra move to amend Insecticide Act

Hailing the Maharashtra government for introducing a bill to amend the Insecticide Act, 1968, Pesticide Action Network (PAN) India has called the amendments ‘very  focussed’ and urged the state to expand their scope to address other challenges. The bill, introduced in the a

‘Garba of Gujarat’, now a Unesco Intangible Cultural Heritage

`Garba of Gujarat` has been inscribed in the Representative List of Intangible Cultural Heritage (ICH) of Humanity by UNESCO, under the provisions of the 2003 Convention for the Safeguarding of Intangible Cultural Heritage during the 18th meeting of the Intergovernmental Committee for the Safeguarding of t

Cyber frauds helpline has helped save Rs 930 crore

Since its inception, Citizen Financial Cyber Fraud Reporting and Management System has witnessed more than 12.77 lakh complaints registered (till November 15, 2023), and has saved more than Rs. 930 crore in more than 3.80 lakh complaints. This was stated by minister of state for home affair

COP28 discusses climate resilient development in Himalayas

Impacts and implications of Climate Change Vulnerability in the Himalayan Region and ways of creating ‘Climate Resilient Development in Indian Himalayan Region by making mountain communities green and resilient were discussed the side event hosted at the India pavilion at the UN Climate Conference CO

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter