Steel Authority of India Limited (SAIL) attained a sales volume of 15.83 lakh tonnes last month which is its best ever performance in the month of July. It recorded a growth of about 50 percent over July’19 sales which was 10.59 lakh tonnes. The company sold 12.73 lakh tonnes in the domestic market while it exported 3.10 lakh tonnes of steel during July this year, attaining a growth of 29 and 349 percent respectively over CPLY.
Anil Kumar Chaudhary, Chairman, SAIL commented, “The company is working hard and putting in a synergised team efforts in all areas to improve the overall performance. The challenging times have, in fact, ignited the zeal to stand stronger and explore every single opportunity before us. The efforts being put in have started showing in these record sales numbers, reduced inventory, improved collections and reduced borrowings. We are focused on reducing the borrowings further towards meeting the expectation of all the stakeholders.”
He also stressed on calibrating the volumes as per the market demand and said, “SAIL is in go-getter mode and ready to service the market requirements. It has serviced the special requirements of Railways and Defence even during these challenging times and remains fully committed to do so in future too.”
