SAIL sales up 14% in April

Tags: News
State-owned SAIL today said its sales in April rose 14 per cent at 8.1 lakh tonnes as against 7.09 LT in the same period of last year.

"Steel Authority of India Ltd has registered a growth of 14 per cent in sales in April 2014, with 8.1 lakh tonnes sales, including 66 per cent increase in exports as compared to April 2013," the company said in a statement.

It added that the hot metal production rose by 6 per cent at 1.22 million tonnes (MT) vis-a-vis 1.16 MT of April, 2013. The crude steel production of the company was at 1.14 million tonnes, up 4 per cent.

"April performance gives us confidence that SAIL will attain a double-digit growth level both in production and sales in 2014-15. In fact, SAIL will play a key role in India becoming the second largest steel producing country in the world in coming years," the company's chairman C S Verma said in the statement.

The company's scrip closed 1.41 per cent down at Rs 66.35 on the BSE.

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