SAIL achieves highest ever annual production and sales in FY’24
The company achieved its highest-ever sales volume of 17.1 MT during FY’24, registering a growth of more than 5% over CPLY
![SAIL achieves highest ever annual production and sales in FY’24](https://www.psuconnect.in/sdsdsd/sail_achieves_highest_ever_annual_production_and_sales_in_fy_24.jpg)
Representational image
New Delhi: Steel Authority of India Limited has achieved its highest-ever annual production milestones in hot metal, crude steel and saleable steel during the Financial Year 2023-24. SAIL recorded a 6% surge in hot metal production, 5% increase in crude steel output and 7% rise in saleable steel output in FY’24 as compared to FY’23.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYFor the fiscal year 2023-24, SAIL achieved production figures of 20.5 Million Tonnes (MT) of hot metal, 19.2 MT of crude steel and 18.4 MT of saleable steel.
The company achieved its highest-ever sales volume of 17.1 MT during FY’24, registering a growth of more than 5% over CPLY
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsShri Amarendu Prakash, Chairman, SAIL attributed this outstanding performance to the company's strategic alignment with the increasing demand in the steel market. He emphasized SAIL's commitment to enhance the company’s production capabilities further while remaining responsive to the changing market requirements.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh