SAIL Q2 sales jump 14 per cent, exports 47 per cent

Riding on a 16 per cent jump in sales in September, steel major SAIL has recorded a 14 per cent growth in sales in second quarter of the current fiscal year.

The company sold 3.1 million tonnes of steel in the quarter.  During this period, there was also an increase of 47 per cent in steel exports at 130,000 tonnes, said a company statement.

During the first half of current financial year, the company achieved its highest ever saleable steel production of 6.5 million tonnes, registering a growth of four per cent year on year.

C.S. Verma, Chairman, SAIL expressed confidence that the growth trend in sales and exports would continue in the coming months.