SAIL crude steel production grows 8% to 16.3 mt in FY19
New Delhi: Steel Authority of India Limited (SAIL), the country's largest public sector steel producer, has shown much improved performance in the last financial year 2018-19 in terms of production, techno-economics, sales etc.
SAIL produced 16.3 Million Tonnes (MT) crude steel in FY'19, registering a growth of 8 per cent over CPLY and clocking the best ever saleable steel production during the year.
The production from new mills of SAIL plants has recorded marked improvement in FY'19, giving an enriched product basket. Total steel despatch from SAIL was the highest ever at 14.86 MT during FY'19 due to a dedicated logistics set-up created by SAIL recently. The FY'19 ended with a robust performance during Q4 with a growth of 10 per cent, 8 per cent, 14 per cent and 13 per cent in respect of production of Hot Metal, Crude Steel, Saleable Steel and Sales respectively. In FY'19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS 90 Rail. The production of Rails got momentum in the second half of FY'19 with around 5.66 lakh tonnes of production and 35 per cent higher than H1 figure. In line with this improved performance, Company has managed to improve its turnover by 16 per cent which now stands at Rs. 66,100 crore.
Anil Kumar Chaudhary, Chairman, SAIL appreciated the efforts of SAIL employees and said, "The FY'19 was a remarkable year for SAIL with marked turnaround in various parameter.