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.

Comments

Other News

BRICS at 20: From economic weight to global influence

This year marks 20 years of BRICS, with India set to host the grouping’s leaders’ summit this weekend. The anniversary offers an opportune moment to assess BRICS’ growing importance at a time when the effectiveness of global governance and the credibility of multilateralism are under in

Former president Ram Nath Kovind on some of his unforgettable journeys

Triumph of the Indian Republic: My Life, My Struggles By Ram Nath Kovind Rupa Publications, 400 pages, Rs 795 All our presidents so far stand out, each for a different reason. Ram Nath Kovind, the 14th president of India, from 2017 t

Uday Kotak on history, Indian economy, growth and more

Pathbreakers: How 10 Visionary Leaders Transformed India by award-winning journalists By Sucheta Dalal and Debashis Basu Rupa Publications, 304 pages, Rs 695

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Capital acquisition proposals worth Rs 1.10 lakh crore for defence forces cleared

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh, on Monday accorded Acceptance of Necessity (AoN), that is, in-principle administrative approval to various acquisition proposals of the defence forces at an estimated cost of about Rs 1,10,000 crore.

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes