Governance Now Visionary Talks Series

SAIL’s turn over up by 22.42% in Q1

SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies

GN Bureau | August 7, 2018


#SAIL   #PSU  

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.

Comments

 

Other News

TRP-driven model bred irresponsibility: Sudhir Chaudhary

News profession is organic in nature, requires responsibility and discipline, and there is no room for mistake. To maintain high standards of accuracy you need discipline and hygiene in the newsroom. Sudhir Chaudhary, editor in chief of Zee News, Zee Business and Wion, has said that a TRP-driven business m

This Mumbai NGO empowers children with skills

When Dharmendra Pandey, a fruit-seller had to leave Mumbai after the imposition of the lockdown during the Covid-19 pandemic, and return to his village in Uttar Pradesh, he was staring at economic uncertainties ahead. Little did he know that his 16-year-old son, Mahavir, had acquired skills that would come

Masks: Awareness: near-total, compliance: half-way

Wearing a face mask is the first line of defence against the novel coronavirus, along with maintaining social distance and frequently washing hands with soap. More than six months after the outbreak of Covid-19, nearly 90 percent of people in India have become aware of the necessity of wearing a face mask,

Covid-19: Daily recoveries cross 1 lakh mark, new cases far fewer

Is India finally gaining an upper hand over the Covid-19 pandemic? After weeks of new cases hitting 90,000-plus every day, the tide seems to be turning, as the number came down to 75,083 on Tuesday, and the recoveries were not only higher than that but crossed the 1 lakh mark too. The countr

A travelogue of an inner pilgrimage

Sit Your Self Down A Novice’s Journey into the Heart of Vipassana By Gayatri Jayaraman Hachette India, 212 pages, Rs 399   As stress and strife increase in daily life, more and more people are turning to meditation as an all

Vote in the time of Covid: EC hosts global webinar

On completion of one year of the chairmanship of the Association of World Election Bodies (A-WEB), the Election Commission (EC) of India on Monday hosted an international webinar on the theme of “Issues, Challenges and Protocols for Conducting  Elections during COVID-19 : Sharing Country



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter