Business Standard

SAIL sales up 14% in April

Exports increased by 66%

Press Trust of India New Delhi
State-owned SAIL today said its sales in April rose 14% at 8.1 lakh tonnes as against 7.09 LT in the same period of last year.

"Steel Authority of India Ltd has registered a growth of 14% in sales in April 2014, with 8.1 lakh tonnes sales, including 66% increase in exports as compared to April 2013," the company said in a statement.

It added that the hot metal production rose by 6% at 1.22 million tonnes (MT) vis-a-vis 1.16 MT of April, 2013. The crude steel production of the company was at 1.14 million tonnes, up 4%.

"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 second largest steel producing country in the world in coming years," the company's chairman C S Verma said in the statement.
 

The company's scrip closed 1.41% down at Rs 66.35 on the BSE.

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First Published: May 02 2014 | 7:18 PM IST

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