SAIL registered a 35% rise in sales to 16.59 lakh tonne in January 2020

Steel Authority of India Limited (SAIL) registered a 35% rise in sales to 16.59 lakh tonne in January 2020 over the corresponding period last year (CPLY).

During the ten-month period between April’19–January’20, it reported a 10.8% increase in sales over the previous corresponding period, the company said in a statement. SAIL said it managed to maintain a consistent sales growth during January 2020, in step with a 47% and 36% hike in sales during December and November-2019 respectively.During January 2020, SAIL exported 1.82 lakh tonne of steel, which is also the best-ever export performance by the company in any month.

The company said prime rail production has crossed the one-million tonne mark in ten months (Apr’19–Jan’20) registering a 37% growth over the previous year. The company attributed it to focused strategies that have helped it surmount challenging market situations. Additionally, new and modernized mills across SAIL plants are also being rapidly stabilized which a move that will help enrich its overall product basket to cater to evolving market requirements, the company said.