Team News Riveting
New Delhi, April 1
Steel Authority of India Limited (SAIL), a Maharatna Public Sector Unit under the Ministry of Steel, has achieved its highest-ever annual production milestones in hot metal, crude steel and saleable steel during the Financial Year 2023-24 (FY’24).
SAIL recorded a 6 per cent surge in hot metal production, 5 per cent increase in crude steel output and 7 per cent rise in saleable steel output in FY’24 as compared to FY’23. For the fiscal year 2023-24, SAIL achieved production figures of 20.5 Million Tonnes (MT) of hot metal, 19.2 MT of crude steel and 18.4 MT of saleable steel.
The company achieved its highest-ever sales volume of 17.1 MT during FY’24, registering a growth of more than 5 per cent over last fiscal.
Amarendu Prakash, Chairman, SAIL attributed this outstanding performance to the company’s strategic alignment with the increasing demand in the steel market. He emphasized SAIL’s commitment to enhance the company’s production capabilities further while remaining responsive to the changing market requirements.
