SAIL achieves best ever annual sales in FY 2020 with a growth of 2.8 pct

New Delhi: Steel Authority of India Limited (SAIL), has become the leader of crude steel production in India in FY 2019-20. SAIL produced 16.15 Million Tonnes of crude steel during the financial year 2019-20 and it was the highest among all other steel producers in the country. Shri Anil Kumar Chaudhary, Chairman, SAIL has commented, “SAIL has been continuously focussing on ramping up its steel production from the new units, which came up under modernization along with optimally utilizing the older units.

The concerted efforts to increase volumes have resulted in the Company becoming the largest domestic steel producer in FY'20. The Company’s well-coordinated production strategies leveraging augmented production capacities, which were installed under the modernization have started to fructify. In the near future, as the Nation comes out victorious in the fight against Corona virus, the market will definitely show green shoots of steel consumption and SAIL is fully geared up to cater to the steel demands of the Nation”.