Public sector steel major SAIL registered 14 per cent growth in sales of saleable steel at 1.13 million tonnes during December, over the corresponding period last year, the company said in a statement.
Crude steel production during December was up 7 per cent at 1.16 million tonnes. For the October-December quarter, SAIL’s sales were up 6 per cent at 2.98 million tonnes over last year.
The December quarter sales included exports of 1.77 lakh tonnes, which registered a 122 per cent growth over last year.
Production of crude steel in December quarter was up 4 per cent, the company said. “The upward trend in performance in the last couple of months is an outcome of concerted efforts directed at sales improvement in both domestic and international market. Strategic focus on enhanced production especially of value-added products has resulted in sustained growth on production and sales front,” SAIL said in a statement.
The SAIL scrip shed 3.76 per cent to end lower at Rs 70.30 on NSE on Thursday.