Steel Authority of India’s (SAIL) crude steel production rose by about 7 percent to 1.417 million tonne (MT) during November, 2020. The company had produced 1.328 MT crude steel in November 2019.
The performance during November is reflective of the continuous efforts being put in by the company to bounce back to pre-COVID levels coupled with the improvement in market conditions. The company has taken a number of initiatives towards increasing its sales in both domestic as well as exports markets. This has helped in bringing down the inventory levels as well as deleveraging the balance sheet to a large extent.
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.
