In a statement, its Chairman Anil Kumar Chaudhary said, "SAIL
has continued to earn profit consecutively for two years despite the challenging times. The government's supportive policies have played a pivotal role in maintaining the profitability of the company." He further said the company is continuously striving to improve its performance by increasing sales, share of value-added and special steels and new products.
The firm said it also achieved its best-ever annual sales of 14.23 million tonne (MT) during the financial year 2019-20.
The firm produced 16.15 MT of crude steel in 2019-20, it said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.