SAIL posts 20% sales growth during Apr-Oct’16
Steel Authority of India Ltd. (SAIL) witnessed a robust growth in total sales during the April-October’16 period of 20% over the corresponding period last year (CPLY).
During this period the domestic sales went up by 15% with improvement in both long and flat products. Also, exports volumes rose by more than three times in the Apr-Oct’16 period over Apr-Oct’15 backed by a conscious strategy of the company to expand its footprints in the neighboring markets.
On the production front, the Apr-Oct’16 period clocked better performance with 22 % growth in saleable steel production compared to the corresponding period last year.
The Techno-economic parameters also registered an uptick over Apr-October’15 period with 7% improvement in BF (blast furnace) productivity and 3% improvement in Coke rate.