SAIL records turnover of over Rs 1 lakh crore - New Delhi News

New Delhi, Sep 28 (IANS) Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot metal and 17.366 million tonnes of crude steel during 2021-22, its best ever production performance.

by IANS | Updated Sep 28, 2022

SAIL records turnover of over Rs 1 lakh crore - New Delhi News

During the Maharatna company's annual general meeting on Wednesday, it was informed that for the first time, it entered the elite club of Indian companies having a turnover of over Rs 1 lakh crore.

The company's turnover of Rs 1.03 lakh crore during 2021-22 saw a substantial growth of more than 50 per cent over the previous best turnover of Rs 68,452 crore, achieved during 2020-21.

The increase in turnover coupled with improved operational performance, helped the company achieve its highest-ever numbers in terms of profitability, Chairperson Soma Mondal informed shareholders during the meeting, which was held virtually.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Related Articles

  • Microsoft 'Teams' adds 'Communities' to compete Facebook groups
  • LIC can be converted into composite insurer merging 4 PSU general insurers with it
  • RBI hikes repo rate to 6.25%, 5th increase in a row
  • Tim Cook, Joe Biden plan 'make in America' chips at TSMC plant
  • RBI hikes repo rate by 35 bps
  • Discussions on India's G20 priorities conclude on Day 3 of 1st Sherpa Meeting
  • PM Modi condoles demise of economist and ex-minister Y.K. Alagh
  • Airlines cut losses in 2022, will return to profit in 2023: IATA
  • India emerged as leading market in past 1 year: Motilal Oswal report
  • 'Can't fold hands and sit because it's an economic policy', SC on DeMo