SAIL Post INR 3850 Crore Profit for April-June 2021 Quarter
Steel Authority of India Limited has declared the financial results Apr – June 2021 Quarter, which reflects a robust performance in the Q1 FY 2021-22.
Key Highlights of SAIL’s performance during Q1 FY’22
Crude Steel Production: 3.770 Million Tonnes
Saleable Steel Sales: 3.327 Million Tonnes
Revenue from Operation INR 20642 Crore
Reduction in Gross Borrowings during the Quarter: INR 5063 Crore
SAIL Chairperson Ms Soma Mondal said “The Company has been consistently seizing available opportunities to move up the value chain. The performance during the quarter bears the testimony to objective driven strategy and resilience by the SAIL Collective despite the adverse impact of dominant second wave of COVID-19. Though the demand for steel products in the quarter has not had the same momentum as during Q4 of FY’21, focused interventions in several areas of operations have helped in achieving this robust performance. The demand in the later part of the year is expected to remain healthy with sustained domestic consumption coming from sectors like infrastructure, manufacturing, packaging, automotive, etc. as indicated from the present consumption cycle and future sectoral trends.”