SAIL registers a 14% sales growth in Q2

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    OST Business Bureau

    New Delhi, Oct 1 :

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    Riding on a 16% growth in sales in September, 2013,  Steel Authority of India Limited (SAIL), a Maharatna PSU, recorded an increase of 14% in sales in the second quarter of current fiscal, y-o-y, by selling 3.1 million tonnes . During this period, there was also an increase of 47 per cent y-o-y in steel exports at 1.3 lakh tonnes.

    During the first half of current financial year, the company achieved highest ever saleable steel production of 6.5 million tonnes, registering a growth of 4 per cent y-o-y.

    Mr C.S. Verma, Chairman, SAIL expressed confidence that the growth trend in sales and exports would continue in the coming months.