SAIL reports 14% growth in sales in month of April

Steel Authority of India (SAIL) has registered a growth of 14% in sales in the month of April 2014, with 8.1 lakh tonnes (LT) sales, including 66% increase in exports as compared to April 2013. The hot metal production stood at 1.22 million tonnes (MT) was up by 6 % and crude steel production at 1.14 MT was up by 4 % over SMLY. The company expects that it will attain a double-digit growth level both in production and sales in 2014-15 and will play a key role in India becoming the 2nd largest steel producing country in the world in coming years. SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.