Steel Authority of India Limited (SAIL), a PSU under Ministry of Steel, posted its best ever August sales performance during August 2020 at 14.34 Lakh Tonnes. Post COVID-19 lockdown, the Company has been witnessing an impressive sales performance which started in June’20. The sales in August have grown significantly by 35% over 10.60 lakh tonnes achieved in August 2019. SAIL’s domestic sales and exports have been at 12.40 Lakh Tonnes and 1.94 Lakh Tonnes registering a growth of 23% and 250% respectively. The growth in sales coupled with the improvement in realisations resulted in the cash collections going up for SAIL which has helped the Company in further reducing its borrowings.
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
