Steel giant Steel Authority of India (SAIL) today said it has registered 14 per cent growth in production of steel to over 1 million tonnes during July over the year-ago period.
"SAIL recorded best performance during July by producing 1.08 million tonnes of saleable steel, a growth of 14 per cent over the corresponding period last year," the company said in a statement here today.
The company's sales also registered a record growth of 25 per cent during the month over the same period a year earlier, it said.
The company's techno-economic parameters also improved in the month, while blast furnace productivity registered improvement and the company recorded best July coke rate and specific energy consumption, it further said.
"The overall demand scenario in India is encouraging," SAIL Chairman S K Roongta had said last week, while announcing the company's quarterly results and added "there is an upward bias for increasing flat product prices and downward bias on the long products."
The public sector major posted a 27.74 per cent decline in its net profit at Rs 1,326.09 crore for the first quarter ended June 30 as compared to Rs 1,835 crore of the same period last year.