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

Cyclists plan ‘memorial ride’ to press demand for infrastructure

Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life

“World headed towards stagflation; India must take care of the poor”

As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest

The changing nature of CSR in India

With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f

BMC commissioner Chahal conferred with hon. doctorate

BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab

Sebi to have two-track approach on ESG

Securities and Exchange Board of India (Sebi) aims to use a two-track approach on environmental social and corporate governance (ESG). Addressing a conference on ‘ESG for Atmanirbhar Bharat` in Mumbai, Sebi chairperson Madhabi Puri Buch said that that there should not be a single carbo

Accuracy more important than speed in news: Anurag Thakur

Presenting authentic information is the prime responsibility of media and that facts should be properly checked before they are put in the public domain, union minister of information and broadcasting Anurag Thakur has said. “While speed with which the information is transmitted is imp

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