Moneycontrol
Last Updated : Mar 08, 2018 09:32 PM IST | Source: PTI

SAIL eyes 21 MT production by FY21

According to the company's annual report for 2016-17, SAIL produced 14.496 MT of crude steel during the said financial year.

State-run SAIL today said it is eyeing steel production target of 21 million tonnes by 2020-21.

"The company will produce to potential and not just name plate capacity. It will achieve the target of 21 million tonnes (MT) by FY21," Steel Authority of India Ltd (SAIL) Chairman P K Singh said in a statement.

According to the company's annual report for 2016-17, SAIL produced 14.496 MT of crude steel during the said financial year.

The company said its modernisation and expansion programme will enable it to enormously increase its capacity and produce high margin products particularly from its new mills and market them.

The chairman also said that "cutting-edge in business will be provided by the company's committed human resource as collective wisdom can do wonders."

SAIL has clocked profits in third quarter of the current fiscal after a gap of ten quarters, the statement said.
First Published on Mar 8, 2018 08:58 pm

tags #Companies

Sections
Follow us on
Available On