Despite current economic slowdown, Steel Authority of India Limited (SAIL) has set its production target of saleable steel to around 12 million tonnes during the 2009-10 financial year.
The target, said to be higher despite the economic recession, was set up in a memorandum between the Ministry of Steel and SAIL Board Chairman on march 31, 2009.
The memorandum mainly focusses on production of higher volume of value-added steel products of over three million tonnes during the year to meet the growing requirement of high-and user segment.
The PSU steel major also set up a competitive target of a sales turnover of over Rs 40,000 crores during 2009-10 fiscal, the sources said.