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

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Modi inaugurates, lays foundation stone of Pune Metro projects

Prime minister Narendra Modi inaugurated and laid the foundation stone for Pune Metro projects worth around ₹21,800 crore on Tuesday through video conferencing. Addressing the gathering on the occasion, the PM extended warm Diwali greetings to the people of Pune and Maharashtra and remarked that f

Wired for good: Building sustainable cities with AI

The First Industrial Revolution in the 18th-19th centuries ushered in a paradigm shift in how cities were imagined. Fueled by railways, factories and grids, and obsessed with speed and scale, it was an ode to efficiency, which spurred unprecedented economic growth. Now, as the Fourth Industrial Revolutio

How social media is reshaping elections

Since Brazil’s return to direct presidential elections in 1985, no candidate who finished second in the first round of polling had ever won the presidency. Luiz Inácio Lula da Silva, now 81, has just done it. What explains the comeback, and what changed in Brazilian politics to make it possi

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter