SAIL witnesses 21 pc growth in Oct sales

The Steel Authority of India Limited posted 21 per cent growth in sales during October 2020 over the corresponding period last year.

According to a press release, the company’s domestic sales and exports during the month were at 1.341 million tonnes against 1.113 MT CPLY. This is the best ever October sales performance, added the release.

The crude steel production and the saleable steel production also grew substantially by 14 pc and stood at 1.446 MT and 1.347 MT respectively.

Anil Kumar Chaudhary, Chairman, SAIL, said, “The company is continually posting strong sales performance from June onwards. The company is determined to continue this growth streak. The production is also being continuously scaled up to reach higher than the pre-COVID levels. The domestic steel industry has started echoing the positive sentiments of the economy.”