SAIL reports best ever August sale performance at 14.34 lakh tonne

Steel Authority of India Limited (SAIL) posted its best ever August sales performance last month at around 14.34 lakh tonne. The sales in August this year grew significantly by 35% over 10.60 lakh tonne achieved in August 2019.

The company has been witnessing a surge in sales performance since June, post the Covid-19 induced nation-wide lockdown. SAIL’s domestic sales and exports have been at 12.40 lakh tonne and 1.94 lakh tonne 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," an official statement said.

Commenting on sales growth, Chairman, SAIL, Anil Kumar Chaudhary said: “Post the COVID-19 pandemic, we had resolved to come back strong. The current sales figures are a testimony to the sustained efforts by the SAIL Collective.


We were quite positive on the demand picking up as soon as the economy would return to normal. Despite early setback, after opening up, the market has also been echoing positive sentiments and a lot of meticulous planning went into leveraging these sentiments.”

The company has been catering to domestic requirement of the Nation and has also gainfully utilized opportunities in export market to maintain consistent growth momentum in its sales, he added.