SAIL’s consolidated net profit increases by 12% in Q3 FY22

11 Feb 2022 CW Team

The Steel Authority of India Limited (SAIL) consolidated net profit increased by 12% in Q3 FY22 against the corresponding period last year. However, net profit has increased to Rs 9,597 crore during nine month (9M) of FY22, compared to Rs 406 crore during corresponding period last year.

The Steel Authority of India Limited (SAIL), under the Ministry of Steel, had declared the financial results of the company’s performance during the third quarter (Q3) and 9-month (9M) of FY 21-22.

As per the results, SAIL witnessed the highest production of hot metal, crude steel and saleable steel during Q3 and 9M.

Its revenue from operations had risen by 28% at Rs 25,245 crore in Q3 FY22 and 59% at Rs 72,715 crore in 9M FY22 over corresponding period last year.

SAIL has delivered one of its best physical performances during Q3 and 9M, which ended on 31 December 2021. However, the same result fails to reflect in its financial performance of Q3 FY22 due to various factors besides the control of the company, which include a remarkable rise in the prices of indigenous and imported coking coal.

With a positive outlook on the economy and the announcements made in The Budget 2022 for increasing infrastructure investments, the performance is expected to improve in the coming quarters.

The borrowings stood at Rs 19,128 crore. It aims at lowering its borrowings and is reflected in the reduction of about 15% over the second quarter (Q2).

Image Source

Also read: SAIL, CPSE supplied 48,200 tonnes of steel for Purvanchal Expressway

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..