SAIL achieves significant growth in turnover -Governance Now

SAIL achieves significant growth in turnover

The total sales volume at 3.028 million tonnes (MT) recorded a nine percent growth

GN Bureau | August 16, 2017

#SAIL #sales #volume #steel

Steel Authority of India Ltd (SAIL) clocked a turnover of Rs 12,860 crore in the first quarter of 2017-18 FY, registering a growth of 26 percent over the turnover of Rs 10,180 crore achieved in corresponding period last year (CPLY).

In the same quarter, the total sales volume at 3.028 million tonnes (MT) recorded a nine percent growth over CPLY. The enterprise’s sales of finished steel (without semis) were also up by 4.12 lakh tonnes during first quarter of 2017-18FY as compared to Q1FY17, recording a 19 percent growth.

In the first quarter of 2017-18FY (Q1FY18), SAIL bore an impact of 115 percent higher price on account of imported coal and 25 percent higher price on account of indigenous coal over CPLY, pushing down the overall profitability margin despite a 14 percent higher Net Sales Realisations (NSR) over same quarter last year.

During the quarter, due to cyclone Debbie, the supplies of coking coal from Australia were adversely impacted, resulting in lower production volumes of saleable steel.

However, the techno-economic parameters showed improvements with respect to Coal Dust Injection (CDI), coke rate, blast furnace productivity and production through the more efficient continuous casting route.

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