Steel Authority of India Ltd (SAIL) posted a 20% growth in total sales during the April-October 2016 period over the corresponding period last year. While the company’s domestic sales went up by 15% with improvement in both long and flat products, exports volumes rose by more than three times in the Apr- Oct 2016 period over Apr-Oct’15.

The spurt in export was backed by a conscious strategy of the company to expand its footprint in the neighboring markets, SAIL said in a statement on Wednesday, without disclosing the actual sales figures. On the production front

, SAIL clocked an improved output during the period under review with a 22% growth in saleable steel production compared to the same period last year.

   The techno-economic parameters also registered an improvement over April-October’15 period with 7% improvement in BF (blast furnace) productivity and 3% improvement in coke rate. Chairman, SAIL, P.K. Singh said that, “Our sustained emphasis on improving every process from production up to reaching the consumers is beginning to show results.

The stabilization of new mills under modernization programme have also contributed to the improved volumes and sales.” This would strengthen company’s performance at a time when there is a pick-up in activities of steel intensive sectors,

Sources :economictimes.indiatimes.com