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SAIL Achieves Highest Ever July Sales

Steel News - Published on Wed, 05 Aug 2020

Image Source: SAIL
Steel Authority of India Limited attained a sales volume of 1.583 million tonnes in July’20 which is its best ever performance in the month of July and an impressive growth of about 50% over July’19 sales which was 1.059 million tonnes. The Company sold 1.273 million tonnes in the domestic market while it exported 0.310 million tonnes of steel during July’20, attaining a growth of 29% and 349% respectively over CPLY.

SAIL said “During these challenging times of Corona Pandemic, the Company has reoriented its efforts towards strategic marketing and customer-centric operations leading to improvement in its performance. The July showing comes immediately after the record June sales achieved during the last month. The consequent improvement in cash collections despite lower prices compared to CPLY coupled with stringent financial measures, the Company has been able to bring down its borrowings below psychological level of INR 50000 Crore.”

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Posted By : Yogender Pancholi on Wed, 05 Aug 2020
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