India: SAIL Reports Highest Ever Sales in Dec'19

Steel Authority of India Limited (SAIL) has recorded highest ever monthly sales in Dec'19 as it's sales observed 47% Y-o-Y increase, the company informed in a press release.

Shri Anil Kumar Chaudhary, Chairman, SAIL said, "Despite the challenging steel market conditions, SAIL has exhibited resilient performance consistently and will continue to do so in future also. The company has achieved the highest ever sales in a month during Dec' 19. With sales of 1.68 Million Tonnes in Dec'19, the Company clocked a growth of 47% over CPLY".

SAIL posted a 36% jump in sales during Nov'19 over CPLY. The company is consistently maintaining the growth momentum in sales. While making special reference to the supply of rails to the Indian Railways, he mentioned, "During the nine months of FY'20 (Apr'19 - Dec'19), SAIL has already supplied 9.25 Lakh Tonnes of rails to the Indian Railways where the entire supply of rails was 9.85 Lakh Tonnes during the previous FY19". To cater to the growing demand of the Indian Railways, SAIL is gearing up to enhance production of rails substantially.

Shri Chaudhary applauded the proactive role, supportive policies and continued encouragement of the Government for the development of the Steel Industry. In the current competitive market, SAIL is making relentless efforts to reduce the cost of production on an ever on-going basis. Its strategic priorities include enhancing volume, improving techno-economic parameters and process efficiency and developing new products.