Steel Authority of India Limited (SAIL), the Maharatna PSU, has recorded its best ever quarterly performance in both production and sales during Q4 FY ’21. Crude steel production and sales in Q4 FY ’21 clocked at 4.55 mn t and 4.27 mn t respectively. Despite the volatility in the market during FY ’21, the company clocked its best ever annual sales at 14.87 mn t, a growth of 4.4% over 14.23 mn t during FY ’20. The company has also reduced its gross debts by around INR 16,150 crore to stand at INR 35,330 crore (provisional) as on 31st Mar ’21.
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