SAIL’s turn over up by 22.42% in Q1 -Governance Now

SAIL’s turn over up by 22.42% in Q1

SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies

GN Bureau | August 7, 2018

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SAIL has posted a profit after tax of Rs 540.43 crore in the first quarter of the current fiscal. SAIL’s turnover in Q1 2018-19 FY rose by 22.42 percent over the corresponding period of the previous year to Rs 15,743.21 crore.

The EBITDA (earnings before interest, taxes, depreciation and amortisation) in Q1 FY19 was recorded at Rs 2685.46 crore.

SAIL is bringing comprehensive improvements in its entire operations backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of 2018-19 FY, the enterprise’s saleable steel production was 3.61 million tonnes (MT) which rose 13 percent over CPLY. The company’s sales volume at 3.271 mt in Q1 FY19 was also eight percent higher over CPLY reflects a robust functioning of all the processes.

It posted improvement in all the techno-economic parameters including coke rate by three percent, blast furnace productivity by two percent and specific energy consumption by three percent over CPLY.

Special secretary and financial adviser to the government of India with additional charge of CMD, SAIL Saraswati Prasad said operational performance of SAIL has recorded improvement over the past many quarters and the trend is likely to continue. SAIL has taken several new initiatives which will help the company in improving its physical and financial performance, he said.

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