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SAIL begins financial year with double-digit growth in sales

Posted on May 02 2014 | IBNS

New Delhi, May 2 : Steel Authority of India Limited (SAIL) has registered a growth of 14 per cent in sales in the month of April 2014, with 8.1 lakh tonnes sales, including 66pc increase in exports as compared to April 2013.

Hot metal production at 1.22 million tonnes was up by 6 pc and crude steel production at 1.14 million tonnes was up by 4 pc over SMLY.

SAIL Chairman CS Verma stated, "April performance gives us confidence that SAIL will attain a double-digit growth level both in production and sales in 2014-15. In fact, SAIL will play a key role in India becoming the 2nd largest steel producing country in the world in coming years."

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