Indian govt. owned steel mill – Steel Authority of India Limited (SAIL) announced its yearly results for the financial year ending Mar’18 today. The steel mill reported increased crude steel output.
1.SAIL crude steel production up by 4% in FY18-Company’s crude steel production stood at 15.021 MT for FY18, up 4% against 14.49 MT in FY17. However on quarterly basis the same stood at 4.004 MT in Q4FY18 moved up by 6% against 3.789 MT in Q3FY18.
2.Company’s saleable steel production moved up 2% in FY18- Company’s saleable steel sales recorded at 14.07 MT,up 2% in FY18 against 13.86 MT in previous fiscal.However on quarterly basis the same remain largely stable at 3.610 MT which was 3.626 MT in previous quarter.
3.Company’s EBITDA recorded the significant growth in FY18- Company recorded the significant growth in EBITDA which stood at INR 5,184 Cr in FY18 against INR 672 CR in FY17.However on quarterly basis the same recorded the growth of 67% in Q4FY18 to INR 2,625 Cr against INR 1,571 Cr in previous quarter.
4.Coke rate has declined by 4% in FY18 – Company’s coke rate has declined by 4% to 456 kg/thm against 473 kg/thm in FY17.BF productivity increased to 1.70 T/m3/day in FY17 against 1.67 T/m3/day.
5.Company saleable steel sales up in FY18 –In FY18 company saleable steel sales stood at 14.081 MT higher by 7.3% in FY18 against 13.11 MT in FY17.On quarterly basis it stood at 3.738 MT up by 9% against 3.44 MT in previous quarter.
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