New Delhi: State-owned steel maker SAIL reported Wednesday a 21 per cent rise in its sales at 1.341 million tonne (MT) during October 2020. The company had posted sales of 1.113 MT in the same month in 2019, the Steel Authority of India Ltd (SAIL) said in a statement. This is the best ever October sales performance of the company, the company said.
“The crude steel production and the saleable steel production also grew substantially by 14 per cent and stood at 1.446 MT and 1.347 MT, respectively, during the month over CPLY,” the statement informed.
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 production is being continuously scaled up to reach higher than the pre-Covid levels. The domestic steel industry has also started echoing the positive sentiments of the economy.
SAIL, under the administrative control of Ministry of Steel, is India’s largest steel producer.