Delhi: The Steel Authority of India Ltd (SAIL) is all set to post a
turnover of more than Rs30,000 crore for the fiscal 2004-05, with its highest
ever domestic sales of saleable steel at 10.3 million tonnes, an official
release has said.
company has recorded a five per cent growth in finished steel production
during the year amounting to 9.28 million tonnes, while domestic sales increased
eight per cent at 10.3 million tonnes. The increase in domestic sales was
on the back of lower export figures of 4-lakh tonnes against 11-lakh tonnes
in 2003-04, the release added.
company faced serious coal shortage during the years following which the
company focused on optimising production of value-added products through
the continuous casting (CC) route.
During the year the company further consolidated its financial strength
by reducing its borrowings by Rs2,800 crore, leading to interest charges
coming down by Rs300 crore annually. Labour productivity
too improved by four per cent during the year to the level of 142 tonnes
per man per year, the release added.