SAIL improves sales turnover -Governance Now

SAIL improves sales turnover

SAIL records best ever sales performance

GN Bureau | June 2, 2017

#PSU #SAIL #sales performance

SAIL has narrowed down its losses by around 30 percent in 2016-17 fiscal and posted an overall improvement in production, sales and productivity.

The steel authority said that its EBIDTA (earnings before interest, taxes, depreciation and amortization) was positive for four consecutive quarters, which stood at Rs 671.6 crore.

The company’s sales turnover recorded an improvement of around 14 percent in 16-17 FY and stood at Rs 49,180 crore compared to Rs 43,294 crore over corresponding period of the last year.

SAIL recorded the best ever sales performance, for any given year, during the recently concluded fiscal with a growth of 8 percent over CPLY. The total sales stood at 13.11 million tonnes (MT) in FY17 as compared to 12.12 MT in FY16. On the production front, it posted a growth of 12 percent in saleable steel production for FY17 over FY16.

Comments

Other News

“Green steel is now viable and scalable"

Emphasising the strategic role of green steel in India`s industrial and environmental future, Union Minister for Steel and Heavy Industries, Prahlad Joshi, Friday underlined that the strategic shift is not just an economic objective but a national imperative. “Green steel is now

Bihar SIR: Disability inclusion should not be an afterthought

The ongoing Special Intensive Revision (SIR) of electoral rolls in Bihar is an extensive exercise to update voter lists through verification of existing voter information, removal of deceased or ineligible voters, and correcting errors. Several concerns have been raised about SIR regarding wrongful deletio

The silent toxin undermining India’s fight against anemia

In a village in Bihar, a mother brings her pale, lethargic child to a government health camp. A hemoglobin test confirms anemia. She leaves with iron tablets and dietary advice. Months later, the child remains unwell. What if the problem was never iron deficiency, but lead poisoning, silently damaging the

Economic inequality and the psychopathology of the parasite

Why the Poor Don’t Kill Us: The Psychology of Indians By Manu Joseph Aleph Books, 280 pages, Rs 599

New GST rates: Should medicines be recalled for relabeling MRP?

With days to go for the new GST rates to come into effect, the finance ministry on Tuesday issues an FAQ to guide users about possible problem areas. Here are some of the questions and answers. Q: Is it required to recall and re-label MRP on medicines already in the supply chain befo

NITI Aayog deploys AI to navigate the way to Viksit Bharat

NITI Aayog on Monday launched two transformative initiatives, AI for Viksit Bharat Roadmap: Opportunity for Accelerated Economic Growth and NITI Frontier Tech Repository under its Frontier Tech Hub. The Roadmap was launched by finance minister Nirmala Sitharaman, electronics & IT minister Ashwini Vaish