09
Aug
08:52
Sail sees record profit, sales, ratings upgrade
Steel Authority of India (Sail) reported consolidated net profit of INR 3,897.36 crore ($522.45 million) in the first fiscal quarter through June (FQ1) against a net loss of INR 1,226.47 crore last year. Sales grew 127.66% on-year to INR 20,642.38 crore.
Steel production rose 52.4% on-year to 3.77 million tonnes and sales increased 65.5% also to 3.77mt. The firm produced 4.13mt of hot metal during the period, Kallanish notes.
Sail subsidiary Bhilai Steel Plant (B…
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Anonymous
Very good overview of the weekly steel market.
Anonymous