SAIL posts 20% sales growth during Apr-Oct’16 period
New Delhi, 02nd November, 2016: Steel Authority of India Ltd. (SAIL) witnessed a robust growth in total sales during the April-October’16 period of 20% over the corresponding period last year (CPLY). During this period the domestic sales went up by 15% with improvement in both long and flat products. Also, exports volumes rose by more than three times in the Apr-Oct’16 period over Apr-Oct’15 backed by a conscious strategy of the company to expand its footprints in the neighboring markets.
On the production front, the Apr-Oct’16 period clocked better performance with 22 % growth in saleable steel production compared to the corresponding period last year. The Techno-economic parameters also registered an uptick over Apr-October’15 period with 7% improvement in BF (blast furnace) productivity and 3% improvement in Coke rate.
Chairman, SAIL, Mr. P.K. Singh said that, “The management’s sustained emphasis to improve every process from production up to reaching the consumers are beginning to show results. The stabilization of new mills under modernization programme have also contributed to the improved volumes and sales. All this would strengthen company’s performance at a time when there is a pick-up in activities of steel intensive sectors. Also the positive environment brought in by Government of India, including its competitive trade policies and measures, have helped improve the market sentiments.”