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SAIL posts 21% growth in October’20 sales over CPLY, steel production up by 14%

By IndianMandarins- 04 Nov 2020
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Steel Authority of India Limited (SAIL) exhibited an impressive 21% growth in sales during October 2020 over the Corresponding Period Last Year (CPLY), posted on Wednesday, November 4. During this month, the Company’s domestic sales and exports were at 1.341 Million Tonnes (MT) against 1.113 MT CPLY. The crude steel production and the saleable steel production also grew substantially by 14% and stood at 1.446 MT and 1.347 MT respectively during the month over CPLY.

“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,” said Anil Kumar Chaudhary, Chairman, SAIL.

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