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

“900 tenders worth Rs 150 crore?” For ward-level works: BMC

BrihanMumbai municipal corporation is floating nearly 900 tenders worth of Rs 150 crore in the next 10 days, but that is only for ward-level civic works, the BMC clarified on Monday, reacting to reports in a section of media.    “Since there are 25 wards in BMC, it involves m

Elections 2024: Banks, post offices to chip in for voter education

In a first-of-its-kind initiative, Election Commission of India (ECI) on Monday signed a memorandum of understanding (MoU) with two prominent organisations, the Indian Banks’ Association (IBA) and the Department of Posts (DoP), to amplify its voter outreach and awareness efforts ahead of the forthcom

Charming tales of the Snakeman’s early years

Snakes, Drugs and Rock ’N’ Roll: My Early Years By Romulus Whitaker with Janaki Lenin HarperCollins, 400 pages, Rs 699

Gripping graphic narrative helps make sense of pandemics past

The Moral Contagion By Julia Hauser and Sarnath Banerjee HarperCollins, 140 pages, Rs 699 The world has lar

“Globally, there is unprecedented positivity for India”

Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourth groundbreaking ceremony of UP Global Investors Summit held in February 2023. The projects relate to sectors

World’s biggest bird-a-thon begins in India

During the four days from Feb 16, more than a thousand birdwatchers throughout India are coming together with the goal of documenting as many birds as possible across the country’s diverse locations. Over one lakh birdwatchers globally participate in the annual Great Backyard Bird Coun

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