PSU NEWS
SAIL eyes 17 million tonnes sales in FY17 targets defence aerospace
New Delhi: SAIL is targeting sales of 17 million tonnes (MT) in the current fiscal with focus on deriving 70% of the total figure from the northern and eastern regions of the country.
The Maharatna company, which aims to take the sales figure further to 20 MT in 2017-18 fiscal, has also set its sights on increasing its presence in sectors such as defence and aerospace.
“SAIL has recently charted a set of goals for the company under new chairman and managing director P.K. Singh. This includes increasing sales to 17 MT in 2016-17 and subsequently 20 MT in 2017-18,” a source said.
In the first nine months of 2015-16, it achieved saleable steel sales of 8.33 MT. In 2014-15, it was 11.71 MT. Confirming the development, a government official said that to achieve this target, the state-run steel giant will up its penetration in the northern and eastern regions in the country and increase its retail sales to 15% of the total finished steel sales.
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