SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL commissions projects worth Rs 2,700 crore in April-June'13

17 Aug 2013 Evaluate

Steel Authority of India’s (SAIL) relentless drive to fast-track its modernization and expansion plan (MEP), resulted in commissioning of projects worth Rs 2,700 crore in April-June’13, the highest in any quarter , since inception. The company’s capital expenditure during Q1FY14 was Rs 2,082 crore. Under the MEP, the cumulative orders worth Rs 58,579 crore were placed and an expenditure of Rs 46,064 crore incurred until June ’13. In April-June’13 quarter, the significant projects which have commenced production, included the new 7 meter tall battery complex along with coke dry cooling plant and the 2500-mm wide slab caster, both at Rourkela Steel Plant.

Besides, maintaining its thrust on higher sales, the company achieved a growth of 5% in total sales during the quarter April-June’13 which were 2.62 million tonnes (MT), as against 2.49 MT in the corresponding quarter of last year. Production of value added steel touched the best ever Q1 mark, at 1.29 MT, a y-o-y growth of 4%.

Further, efficiency in production also got a boost with specific energy consumption lower by 2% than corresponding period of last year, and BF productivity better by 1%. There was an improvement of 2% in concast production, and captive power generation increased by 8 % compared to corresponding period of last year.

SAIL Share Price

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×