SAIL’s performance on the production front recorded highest ever quarterly crude steel production of around 4 MT in Q4 FY18
GN Bureau | June 1, 2018
SAIL has recorded a net profit of Rs 816 crore in the fourth quarter of the 2017-18 FY. This comes after making a provision of Rs 582 crore towards enhanced gratuity recently approved by the centre.
All the five integrated steel plants of the company have also recorded individual profits in the fourth quarter of FY18. SAIL management’s sustained efforts for process integration starting from production till reaching the customers, the intensive marketing efforts along with ramping up of production and stabilization of new mills are all yielding results and a novel end-to-end approach with its new product offerings is helping the Company achieve a stronger position.
Company’s net turnover in Q4 FY18 of Rs 16,811 crore saw an increase of 34 percent over the corresponding period of the last yeat (CPLY). The Q4 FY18 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) at Rs 2,624 crore, a humongous growth over Q4 FY17, is highest in the last twenty-seven quarters. The EBITDA per tonne of sales for Q4 FY 18 is Rs 7020. The total sales volume in Q4 FY18 was 3.738 million tonnes (MT) which increased by 8.4 percent over CPLY.
SAIL’s performance on the production front recorded highest ever quarterly crude steel production of around 4.0 MT in Q4 FY18 with a growth of 6 percent over CPLY.
Saturday Stories By Rashmi Bansal HarperCollins, 176 pages, Rs 250 From the bestselling author of ‘Stay Hu
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
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
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
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
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