State-owned steel maker SAIL on November 4 reported a 21 % rise in its sales at 1.341 mn t during Oct’20, as against 1.113 mn t in the same month of previous year. This is the best ever October sales performance of the company.
“The crude steel production and the saleable steel production also grew substantially by 14 percent and stood at 1.446 mn t and 1.347 mn t respectively, during the month over CPLY,” SAIL said.
SAIL Chairman Anil Kumar Chaudhary said, “The company is continually posting strong sales performance from June onwards. SAIL is determined to continue this growth streak.” The domestic steel industry has also started echoing the positive sentiments of the economy.
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