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[Ferro-Alloys.com] Steel Authority of India Limited announced that SAIL produced 16.15 million tonnes of crude steel during the financial year 2019-20. SAIL Chairman Mr Anil Kumar Chaudhary said “SAIL has been continuously focussing on ramping up its steel production from the new units, which came up under modernization along with optimally utilizing the older units. The concerted efforts to increase volumes have resulted in the company becoming the largest domestic steel producer in FY'20. The Company’s well-coordinated production strategies leveraging augmented production capacities, which were installed under the modernization, have started to fructify. In the near future, as the Nation comes out victorious in the fight against Corona virus, the market will definitely show green shoots of steel consumption and SAIL is fully geared up to cater to the steel demands of the Nation.”

 

During the FY 2019-20, SAIL has also achieved the best ever annual sales of 14.5 million tonnes with a growth of 2.8% over FY 2018-19. The Company’s strategies to expand its market portfolio also yielded the highest ever exports of 1.18 million tonnes during FY 2019-20 which is an astounding 54% YoY growth

 

Among other notable achievements, SAIL recorded the best ever despatch of 12,994 numbers of WAG9 Wheels for electric locomotives, a product which is an import substitution. The company has also supplied 7295 tonnes of DMR plates to critical defence projects of the Nation, a quantity which is also highest in the last 5 years. SAIL has also recorded the highest ever rail production of 12.85 Lakh Tonnes of UTS 90 prime rails in FY’20 with a 30% growth over CPLY. The Company also witnessed a whopping 52% growth in production of 260 metres rails, a part of the UTS 90 prime rails productions, over CPLY for the Indian Railways.（STEELGURU）