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.

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