SAIL reports highest Profit in last ten years

SAIL posted its highest ever EBITDA of Rs 13740 Crore which was higher by ~23% over CPLY.

GN Bureau | September 29, 2021


#Soma Mondal   #SAIL   #CMD SAIL   #SAIL AGM   #SAIL EBITDA   #SAIL PBT  

The Steel Authority of India Limited (SAIL) held its 49th Annual General Meeting. Soma Mondal, Chairman, SAIL while addressing the shareholders described FY '21 as the year of ‘Growth and Scaling new​er​ heights’ for SAIL. SAIL posted its highest ever EBITDA of Rs 13740 Crore which was higher by ~23% over CPLY. The factors which helped improve profitability included higher sales of secondary products, sale of iron ore fines, lower usage of other raw materials, improvement in techno-economic parameters, benefit in stores and spares expenses, decreased purchased power rates, reduction in interest charges, higher dividend income and forex exchange gain among others. The Profit Before Tax (PBT) of the company stood highest in the last ten years.

Taking proactive actions, SAIL has reworked its plans and strategies to sustain all-round activities. Outlining some of those, she said, SAIL made optimal utilization of the operational facilities instead of operating a greater number of facilities at a sub-optimal level. Along with the reduction in cost by reducing consumption level for various inputs, the capital repairs were also preponed wherever feasible. In these trying times, the company maximized sales volumes through potential channels like exports, dispatch to Railways while it reduced cash outflows by reviewing commitments and renegotiating contracts among others.

Comments

 

Other News

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter