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

Thackeray launches three fast-track DNA units under Nirbhaya scheme

Maharashtra chief minister Uddhav Thackeray has launched three state-of-the-art human DNA units under the Nirbhaya Scheme for efficiency in criminal investigations. A wildlife DNA unit in Nagpur makes Maharashtra the country’s first state to have a forensic testing lab for animals.  

How foreign policy has been Modi’s focus right from the start

The Midway Battle: Modi’s Roller-coaster Second Term By Gautam Chintamani Bloomsbury / 400 pages / Rs 699 Gautam Chintamani, a film historian and author, has penned an in-depth chronicle of prime minister Narendra Modi’s second

Remove unauthorized constructions without pressure: Thackeray to BMC

Maharashtra chief minister Uddhav Thackeray has instructed the Mumbai civic authorities to take immediate action on unauthorized constructions on war footing. In a virtual meeting held on Wednesday, Thackeray said no illegal construction will be tolerated in Mumbai and called upon the BMC to

Covid norms relaxed; Mumbai restaurants, shops to remain open longer

After extending timings of shops and restaurants as well as the reopening of cinema halls and theatres under specified SOPs from October 22, in view of the festive cheer, the Maharashtra government has allowed restaurants and eateries to remain open till 12AM and shops and establishments to function till 1

Global Hunger Index data collection flawed: Arvind Panagariya

Rubbishing the recently released Global Hunger Index 2021, wherein India has slipped to 101 position to be placed below Pakistan, Nepal and Bangladesh, Arvind Panagariya, professor of economics at Columbia University and former vice chairman, NITI Aayog, has said that data collection and methodologies used

‘Blue Zones’ concept of healthy living and its relevance in India

A long life span free from diseases and disability, the so-called healthy aging, has been a matter of prime interest to humanity. It is widely held that the life expectancy is a function of interplay between various genetic and environmental factors. There is scientific evidence to support the fact that on

Visionary Talk with Dr Arvind Panagariya, Professor, Columbia University & Former VC, NITI Aayog



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter