SAIL records 7 pct sales growth in February to to 1.04 million tonnes

Mar 03 2014, 22:09 IST
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The country's largest steel maker had clocked sales of 0.974 MT (million tonnes) in the same month last year. Reuters The country's largest steel maker had clocked sales of 0.974 MT (million tonnes) in the same month last year. Reuters
SummaryThe country's largest steel maker had clocked sales of 0.974 MT (million tonnes) in the same month last year.

State-run SAIL today said its sales grew by seven per cent in February to 1.04 million tonnes on higher off-take from domestic and export markets.

The country's largest steel maker, SAIl had clocked sales of 0.974 MT (million tonnes) in the same month last year.

Production of sale-able steel in the reporting month also rose by seven per cent to 1.006 MT from 0.94 MT a year ago.

"For the cumulative 11-month period, SAIL's concerted effort in increasing domestic sales as well as exports paid off as these grew by 8 per cent and 33 per cent respectively," Steel Authority of India Ltd (SAIL) said in statement.

Cumulative sales during the April-February period rose to 10.877 MT from 10.068 MT in the corresponding period a year earlier. Exports grew to 0.427 MT from 0.320 MT a year ago.

"Consistent growth in sales over the last few months has given us the confidence of reporting a better outcome in the coming months, which will further pick-up with the expected strengthening of the market," SAIL Chairman C S Verma said.

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