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SAIL plans to double its rural network

22 Apr 2013 Evaluate

Steel Authority of India (SAIL) is planning to double the network of its rural dealers to 1,000 gradually from 562 at present. The entity has taken this decision in order to increase the reach of its products. From just 200 dealers in April, 2006, the company now has a network of 2,896 dealers which includes 562 in rural areas.

The state run firm Steel has reported 4% growth in its production of value-added steel to over 5 million tonnes (mt) in 2012-13 fiscal against 4.83-mt in 2011-12. The entity has increased its output as it added several new products in its portfolio. State run firms energy consumption grew 3% last fiscal, while its blast furnace productivity was up 5%.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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