The country’s largest steel maker had clocked sales of 0.974 million tones (mt) in the same month last year.
Production of sale-able steel in the reporting month also rose by seven per cent to 1.006 mt from 0.94 mt a year ago.
‘For the cumulative 11-month period, Steel Authority of India Ltd’s concerted effort in increasing domestic sales as well as exports paid off as these grew by 8 per cent and 33 per cent respectively,’ Steel Authority of India Ltd said in statement.
Cumulative sales during the April-February period rose to 10.877 MT from 10.068 mt in the corresponding period a year earlier. Exports grew to 0.427 MT from 0.320 mt a year ago.
‘Consistent growth in sales over the last few months has given us the confidence of reporting a better outcome in the coming months, which will further pick up with the expected strengthening of the market,’ said Steel Authority of India Ltd (SAIL) Chairman C S Verma.
Production of sale-able steel in the reporting month also rose by seven per cent to 1.006 mt from 0.94 mt a year ago.
‘For the cumulative 11-month period, Steel Authority of India Ltd’s concerted effort in increasing domestic sales as well as exports paid off as these grew by 8 per cent and 33 per cent respectively,’ Steel Authority of India Ltd said in statement.
Cumulative sales during the April-February period rose to 10.877 MT from 10.068 mt in the corresponding period a year earlier. Exports grew to 0.427 MT from 0.320 mt a year ago.
‘Consistent growth in sales over the last few months has given us the confidence of reporting a better outcome in the coming months, which will further pick up with the expected strengthening of the market,’ said Steel Authority of India Ltd (SAIL) Chairman C S Verma.