New Delhi, July 13, 2023: Steel Authority of India Limited (SAIL) has achieved record-breaking performance in the first quarter of the financial year 2023-24 (Q1 FY24) in terms of production and sales.
The production of hot metal, crude steel, and saleable steel of 5.037 million tonnes (MT), 4.667 MT, and 4.405 MT, respectively, marked the best ever first quarter results. These figures represent a remarkable growth of 7%, 8%, and 8% respectively in comparison to the previous best.
SAIL also attained its highest-ever sales performance in the first quarter by achieving a sales volume of 3.9 MT, thereby marking a growth of around 24% over the CPLY. This record breaking performance by SAIL has come up in the light of its continued focus on maximizing capacity utilization and meeting the customer demands.
Steel Authority of India Limited (SAIL), a Maharatna PSU, has supplied the entire DMR grade specialty steel for the nation’s first indigenously built Aircraft Carrier INS Vikrant. In a major feat and towards building an ‘Atmanirbhar Bharat’, SAIL has supplied about 30000 Tonnes of the specialty steel for building this first swadeshi Aircraft Carrier for Indian Navy which will be commissioned on 02ndSeptember, 2022 at Cochin Shipyard Ltd.