SAIL registers 31.3% growth in sales in Q2

09 Oct 2020 Evaluate

Steel Authority of India (SAIL) has registered an impressive 31.3% growth in sales during the second quarter (Q2) of FY2020-21 over Q2 FY2019-20 (July-September). Post the COVID-19 related lockdown, the Company has been witnessing an impressive sales performance which started in June’20. This has led to the Company’s H1 sales of FY 2020-21 bounce back to the levels achieved during CPLY. During the Q2 of FY2020-21, the saleable steel production also registered a growth of 5.2% over CPLY. The Company’s strategic marketing efforts and customer-centric initiatives coupled with teamwork across the Company, has contributed to this improvement in sales and production. 

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.

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