Steel Authority of India Limited (SAIL) has marked a remarkable milestone in its operational prowess. The fiscal year 2023-24 witnessed SAIL scaling unprecedented heights, recording its highest-ever annual production figures across key metrics – hot metal, crude steel, and saleable steel.
According to the latest financial report released by SAIL, the company has seen a commendable surge in its production figures, showcasing a 6% increase in hot metal production, a notable 5% rise in crude steel output, and a substantial 7% growth in saleable steel output compared to the previous fiscal year.
For the fiscal year 2023-24, SAIL reported staggering production figures, with 20.5 Million Tonnes (MT) of hot metal, 19.2 MT of crude steel, and 18.4 MT of saleable steel. These figures not only underscore SAIL’s operational excellence but also highlight its pivotal role in bolstering the steel industry’s capabilities on a national scale.
In addition to its stellar production performance, SAIL also achieved its highest-ever sales volume during FY’24, reaching an impressive 17.1 MT. This achievement represents a remarkable growth trajectory, with sales volume witnessing a surge of more than 5% over the corresponding previous year.
Amarendu Prakash, the Chairman of SAIL, attributed this outstanding performance to the company’s strategic foresight and unwavering commitment to meeting the escalating demands of the steel market. He emphasized SAIL’s dedication to further enhancing its production capabilities while remaining agile and responsive to the dynamic market landscape.
