SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies
GN Bureau | August 7, 2018
SAIL has posted a profit after tax of Rs 540.43 crore in the first quarter of the current fiscal. SAIL’s turnover in Q1 2018-19 FY rose by 22.42 percent over the corresponding period of the previous year to Rs 15,743.21 crore.
The EBITDA (earnings before interest, taxes, depreciation and amortisation) in Q1 FY19 was recorded at Rs 2685.46 crore.
SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of 2018-19 FY, the enterprise’s saleable steel production was 3.61 million tonnes (MT) which rose 13 percent over CPLY. The company’s sales volume at 3.271 mt in Q1 FY19 was also eight percent higher over CPLY reflects a robust functioning of all the processes.
It posted improvement in all the techno-economic parameters including coke rate by three percent, blast furnace productivity by two percent and specific energy consumption by three percent over CPLY.
Special secretary and financial adviser to the government of India with additional charge of CMD, SAIL Saraswati Prasad said operational performance of SAIL has recorded improvement over the past many quarters and the trend is likely to continue. SAIL has taken several new initiatives which will help the company in improving its physical and financial performance, he said.
Countering the opposition BJP’s allegations of corruption in the procurement of Remdesivir, a critical anti-viral injection often prescribed for Covid-19 patients, the BrihanMumbai municipal corporation (BMC) has clarified that its decision to procure the drug was aimed at saving lives even if
Criticizing the postponement of the CBSE Class XII exams in the wake of the second Covid -19 wave across the country, Nupur Sharma, BJP national spokesperson, has said the decision will jeopardize the future of students. Despite the pandemic she said no college or university will be ready to give them prov
Atal Innovation Mission, NITI Aayog and All India Council for Technical Education (AICTE), and Ministry of Education’s Innovation Cell has announced their strategic collaboration which aims to empower Atal Tinkering Lab school (ATLs) students for world-class future-ready
Union Ministry of Agriculture and Microsoft India has inked a Memorandum of Understanding (MoU) for a pilot project in 100 villages of six states to develop farmer interface for smart and well-organized agriculture, including post-harvest management and distribution. The pilot
Ajay Prakash Sawhney, Secretary Ministry of Electronics & Information Technology (MeitY) & Chairman NIXI has inaugurated three initiatives of the National Internet Exchange of India (NIXI). With this launch, NIXI has announced to play a supporting role for the IPv6 aw
The Second Wave in India seems unstoppable. The number of daily new cases crossed the 2,00,000 figure on Thursday morning, which is the highest ever anywhere in the world. Most of the burden – 81 percent cases – is from ten states with Maharashtra continuing to lead the tally. The national capi