SAIL posts best ever crude steel production in FY’19 -Governance Now

SAIL posts best ever crude steel production in FY’19

In FY’19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS 90 rail

GN Bureau | April 8, 2019

#SAIL #Net profit #financial health #PSU #crude #steel production

Total steel despatch from SAIL was the highest ever at 14.86 MT during FY’19 due to a dedicated logistics set-up created by SAIL recently. The production from new mills of SAIL plants has recorded marked improvement in FY’19, giving an enriched product basket.

The 2018-19 FY ended with a robust performance during Q4 with a growth of 10 percent, eight percent , 14 percent and 13 percent in respect of production of hot metal, crude steel, saleable steel and sales respectively. In FY’19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS 90 rail. The production of rails got momentum in the second half of FY’19 with around 5.66 lakh tonnes of production. In line with this improved performance, the PSU has managed to improve its turnover by 16 percent which now stands at Rs 66,100 crore.

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