SAIL achieves record Q1 performance in production and sales

It was reported that Steel Authority of India (SAIL) had achieved a remarkable performance in the first quarter of the financial year 2023-24 (Q1 FY24) in terms of production and sales. It was stated that the production of hot metal, crude steel, and saleable steel amounted to 5.037 million tonne (MT), 4.667 MT, and 4.405 MT, respectively, which were the best results ever recorded for a first quarter. It was further mentioned that these figures represented a significant growth of 7%, 8%, and 8% respectively compared to the previous best. It was also noted that SAIL had achieved its highest-ever sales performance in the first quarter, with a sales volume of 3.9 MT, marking a growth of approximately 24% over the corresponding previous year. It was highlighted that SAIL's exceptional performance was attributed to its continuous focus on maximising capacity utilization and meeting customer demands. Also read: KEC bags new orders worth Rs 1,042 cr15km pod taxi corridor in Noida up for grabs