SAIL Q3 FY17 gross turnover grows by over 25%

Improved sales volume across all products gave a boost to SAIL’s turnover in Q3 FY17 which got increased by 25.8 pc at Rs 12,490 cr compared to last year

GN Bureau | February 13, 2017


#SAIL   #Bhilai Steel Plant   #PSU  

Steel authority of India ltd. (SAIL) registered an increase in total sales by 16 per cent and 12.5 per cent for the April-December (9M) period and quarter third (Q3) of 2016-17 fiscal with 9.66 million tonnes (MT) and 3.27 MT of saleable steel respectively over the corresponding period of last year.
 
The Maharatna PSU also posted highest ever 9M saleable steel production at 10.2 MT witnessing a growth of 16.5 per cent and 9.2 per cent growth in Q3 FY17 over last year. The growth in production and sales is driven by an all-round improvement strategy of the top management by strengthening the entire value chain, a SAIL release stated. During the 9M period, exports volume considerably rose and more than tripled as compared to the corresponding period of last year.
 
Owing to the improved sales volume across all products, SAIL’s gross turnover in Q3 FY17 was higher by 25.8 per cent at Rs 12,490 crores as compared to the last year’s same period.
 
Realising the crucial challenges faced by the steel industry and rising domestic competition, SAIL has already commenced the supply of long rails from its 1.2 MTPA new universal rail mill, Bhilai. The enterprise is in its final leg of finishing remaining modernisation projects, ramping up production from new mills and achieving its rated capacity soon.

 

Comments

 

Other News

Should India look for another capital?

The Indian Metropolis: Deconstructing India’s Urban Spaces By Feroze Varun Gandhi Rupa, 840 pages, Rs 1,500 Feroze Varun Gandhi, a Member of Parliament from the BJP, has been a published poet. He is also a policy expert – he had published &

Railways’ freight earnings up by 16%

On mission mode, Indian Railways` Freight loading for first ten months of this financial year 2022-23 has crossed last year’s loading and earnings for the same month. On cumulative basis from April 2022 to January 2023, freight loading of 1243.46 MT was achieved against last year&rsquo

BMC announces Rs 52,619.07 crore budget

Mumbai’s municipal commissioner and administrator Iqbal Singh Chahal on Saturday announced a Budget of Rs 52,619.07 crore for 2023-2024, an increase of 20.67% over a revised budget estimate of Rs 43607.10 crore for 2022-23. The overall budget size has doubled in five years. In 2017-18

Making sense of the ‘crisis of political representation’

Imprints of the Populist Time By Ranabir Samaddar Orient BlackSwan, 352 pages, Rs. 1105 The crisis of liberal democracy in the neoliberal world—marked by massive l

Budget: Highlights

Union minister of finance and corporate affairs Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on Wednesday. The highlights of the Budget are as follows: PART A     Per capita income has more than doubled to Rs 1.97 lakh in around

Budget presents vision for Amrit Kaal: A blueprint for empowered, inclusive economy

Union Budget 2023-24, presented by finance minister Nirmala Sitharaman in the Parliament on Wednesday, outlined the vision of Amrit Kaal which shall reflect an empowered and inclusive economy.  “We envision a prosperous and inclusive India, in which the fruits of development reach all regions an

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