The Steel Authority of India Limited (SAIL) has announced the company’s annual as well as fourth quarter performance for the financial year FY 2020-21 (FY21) on 10th June, 2021. SAIL has exhibited strong performance in all parameters in FY21 despite the unprecedented challenges posed by the Covid-19 pandemic.
In fiscal 2020-21, under the leadership of Director-in-Charge Amarendu Prakash SAIL’s Bokaro Steel Plant (BSL) has exceeded its targets and recorded a massive jump by posting a Profit before Tax (PBT) of Rs 2251 Crore as compared to a PBT of Rs 48 Crore during the Corresponding Period Last Year (CPLY). Overcoming challenges posed by Covid-19, BSL also recorded a turnover of Rs 16020 Crore in 2020-21 as against a turnover of Rs 13170 Crore during CPLY through sale of around 3.45 million tonnes of Saleable Steel.
The remarkable improvement in BSL’s bottom line was backed by matching achievements on the production and dispatch fronts.
In 2020-21, BSL registered a growth of 2.7% in the production of HR Plate and HR Sheet compared to 2019-20 and a growth of 1.5% in the production of CR Saleable from CRM-3 as compared to the previous year. Last year, BSL made new annual records in Hot Metal production from Blast Furnace 1, CR Coil for Sale (CRM-3) and Granulated Slag Production. On the dispatch front, a growth of 2.4% was registered in dispatch of HR plates and HR Sheets as compared to 2019-20, while dispatch of CR Saleable from CRM-3 jumped by around 16.3% compared to the previous year.
Sharing information COC BSL Mani Kant Dhan said In 2020-21, BSL also developed several new steel grades including SAILCOR grade for Solar Industry, ASTMA A516 GR70 grade for Boilers/Pressure Vessels, EN-10025-2 S235JR grade etc.Last year, BSL added another feather in its cap by winning the prestigious Greentech Environment Excellence Award-2020 in the ‘Recycling and Waste Management’ category for excellence in the area of environment conservation.
In fiscal 2020-21, BSL also registered a massive increase of around 68% in exports by exporting 332818 Tonnes of steel to several countries including China. This also includes export of 12436 tonnes of steel in the European market with CE mark certification, a first for BSL.
