SAIL records its best ever Q1 performance with respect to Crude Steel Production and Sales

Daily Current Affairs / SAIL records its best ever Q1 performance with respect to Crude Steel Production and Sales

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Category : National Published on: August 12 2023

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SAIL achieved its best ever Q1 performance with respect to Productions and Sales.
The company registered a growth in the Crude Steel Production and Sales Volumes by 8% and 23% respectively over CPLY (corresponding period last year).Despite increase in volumes, the turnover has increased by 1% due to decline in price realization.
With the coking coal prices stabilizing and the market outlook positive for sustained consumption growth in the country, margins are likely to improve going forward. The Company is also taking up debottlenecking and efficiency improvement projects to shore up the profitability in the medium term.

SAIL records its best ever Q1 performance with respect to Crude Steel Production and Sales