Steel Authority of India (SAIL) has registered an aggressive sales growth of 11% in May 2014, at 1.06 million tonnes (MT), compared to 0.96 MT in same month last year (SMLY). Rise in exports was to the tune of 76% on a y-o-y basis during the month.
Besides, production at the company’s plants kept pace with Hot Metal production of 1.26 MT achieved in May ’14, registering a y-o-y growth of 4%.
The company has posted a marginal rise of 0.90% in its net profit at Rs 452.68 crore for the quarter ended March 31, 2014 as compared to Rs 448.63 crore for the same quarter in the previous year. Total income from operations of the company has increased by 10.15% at Rs 13509.21 crore for quarter under review as compared to Rs 12264.74 crore for the quarter ended March 31, 2013.
