Steel Authority of India Limited (SAIL), maintaining the growth momentum in sales, has registered a 35% rise in sales during the month of Jan’20 over corresponding period last year (CPLY). In Jan’20, SAIL recorded 16.59 lakh MT of sales. During the Apr’19–Jan’20 (10 months) period, the company has achieved a 10.8% increase in sales over the same period last year.
Incidentally, with the growth in sales in Jan’20, SAIL has continued the streak of sales growth consistently as it had posted rise of 47% and 36% in sales during Dec and Nov’19 respectively. During Jan’20, SAIL exported 1.82 lakh MT steel, which is also the best ever export performance by the company in any month.
The company is maintaining a consistent growth momentum in sales during the year. At the same time, the prime rail production has also surged and crossed the 1 MnT mark in 10 months (Apr’19–Jan’20) registering an astounding 37% growth over the previous year. The company’s focused strategies have helped SAIL in surmounting the challenging market situations. The new and modernized mills across SAIL plants are also being rapidly stabilized which will enrich the product basket of SAIL substantially to cater to the evolving market requirements.
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