Sail posts record revenue in FY24
State steel major posted all-time high revenues of Rs105,375 cr as against Rs104,447 cr in FY23; Board announces 10% dividend
New Delhi: Government-owned Steel Authority of India Ltd (SAIL) has recorded its highest-ever revenue from operations at Rs105,375 crore during the financial year 2023-24. The company had recorded a revenue of Rs104,447 crore in 2022-23, according to a company statement.
Commenting on the results, SAIL chairman Amarendu Prakash said: “The Indian steel markets have remained quite robust showcasing continual growth in demand. Sail has been taking various initiatives towards increasing volumes, adding value-added products to its product basket and improving efficiency levels, which is reflected in the improved physical performance year on year. The company will continue to work on improving its performance further to tap into the buoyancy in the growing Indian Steel Market”.
“During FY 2023-24, the company has achieved its best-ever performance in production and sales. The crude steel production and sales volume have registered a growth of 5.2 per cent and 5.1 per cent respectively during FY’24 over the previous year,” according to a SAIL statement.
