Steel Authority of India (SAIL) has reported a 16% sales growth during the April-December 2016 period over the corresponding period last year. The improved sales numbers was led by higher domestic sales as well as expanding exports, with the latter recording a remarkable rise of around more than double during this period. The company’s exports rise is in keeping pace with a focus to expand its global foot prints.
On the production front, the company produced 10.18 Million Tonnes (MT) of saleable steel during Apr-Dec 16 period, of which 1.18 MT alone came in December 16, registering a 15% growth in saleable steel production over Apr-Dec 15. With enhanced performance from the modernized units, the techno-economic parameters also exhibited improvement during the first nine months of FY 16-17.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.00 |
| JSW Steel | 1251.70 |
| SAIL | 178.00 |
| Jindal Stainless | 769.10 |
| APL Apollo Tubes | 2008.90 |
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