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.
An underground rapper who grew up on Mumbai streets, Divine spins his music around his environment and poverty. His breakout single, ‘Meri Gully Mein’, along with fellow rapper Naezy caught Bollywood’s attention. The Hindi film ‘Gully Boy’ is inspired by their lives and gr
Anil Swarup, an IAS officer of Uttar Pradesh cadre who retired in 2018, is a model bureaucrat who retained his optimism right till the end of service and exemplified dedication and commitment. His excitement at the opportunities that a job in the IAS provided is evident on every page of his new book publis
The question of reform of the civil services has been debated extensively at all levels at least over the last five to six decades after independence. Indeed, it was soon perceived that the Indian Administrative Service (IAS) may not be well equipped to deal with the problems of an emerging developing coun
Shouting vengeance at all and sundry while wriggling out of holes of our own making seems to be our very special national characteristic. Some recent instances are illustrative of this attribute. A number of business tycoons with thousands of crores of unresolved debts have fled abroad with the government
The Central Bureau of Investigation (CBI) came into existence, based on a Resolution of the home ministry, dated April 1, 1963 – a sheer coincidence that it also happens to be April Fool’s day. Over the past few months, we have seen the CBI live up to its founding day with great zeal, being i
Gujarat was passing through a turbulent phase in the 1980s. The decade began middle class agitations against new reservation policies, and the caste friction turned communal under the watch of chief minister Madhavsinh Solanki, alienating majority of urban population on both counts. The ground was ripe for