SAIL steels quarterly sales by 5%
15 Aug 2013 9:22 PM GMT
State-owned steel making company SAIL’s relentless drive to fast-track its modernisation and expansion plan, resulted in commissioning of projects worth Rs 2700 crore in April-June of FY14, the highest in any quarter, since inception.
The company’s capital expenditure during Q1 FY14 was Rs. 2082 crore. Under the modernization and expansion plan, cumulative orders worth Rs 58,579 crore were placed and an expenditure of Rs 46,064 crore incurred until June 2013.
In April-June quarter of financial year 2013-14, the significant projects which have commenced production, included the new 7 meter tall battery complex along with coke dry cooling plant and the 2500-mm wide slab caster, both at Rourkela Steel Plant.
Maintaining its thrust on higher sales, the company achieved a growth of 5 per cent in total sales during the quarter April-June FY14 which were 2.62 million tonnes, as against 2.49 million tonnes in the corresponding quarter of last year. Production of value added steel touched the best ever Q1 mark, at 1.29 MT, a y-o-y growth of 4 per cent.
The company’s capital expenditure during Q1 FY14 was Rs. 2082 crore. Under the modernization and expansion plan, cumulative orders worth Rs 58,579 crore were placed and an expenditure of Rs 46,064 crore incurred until June 2013.
In April-June quarter of financial year 2013-14, the significant projects which have commenced production, included the new 7 meter tall battery complex along with coke dry cooling plant and the 2500-mm wide slab caster, both at Rourkela Steel Plant.
Maintaining its thrust on higher sales, the company achieved a growth of 5 per cent in total sales during the quarter April-June FY14 which were 2.62 million tonnes, as against 2.49 million tonnes in the corresponding quarter of last year. Production of value added steel touched the best ever Q1 mark, at 1.29 MT, a y-o-y growth of 4 per cent.
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