SAIL achieves highest ever August sales
4th Sep 2020

Steel Authority of India (SAIL) has posted its best ever August sales performance during August 2020 at 14.34 lakh tonnes. Post the COVID-19 related lockdown, the Company has been witnessing an impressive sales performance which started in June’20.

The sales in August have grown significantly by 35% over 10.60 lakh tonnes achieved in August 2019. SAIL’s domestic sales and exports have been at 12.40 lakh tonnes and 1.94 lakh tonnes 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.

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.