SAIL Sets Record Turnover of Over Rs 1 Lakh Crore

Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot metal and 17.366 million tonnes of crude steel during 2021-22, its best-ever production performance.

During the Maharatna company's annual general meeting on Wednesday, it was informed that for the first time, it entered the elite club of Indian companies having a turnover of over Rs 1 lakh crore.

The company's turnover of Rs 1.03 lakh crore during 2021-22 saw a substantial growth of more than 50 per cent over the previous best turnover of Rs 68,452 crore, achieved during 2020-21.

The increase in turnover coupled with improved operational performance, helped the company achieve its highest-ever numbers in terms of profitability, Chairperson Soma Mondal informed shareholders during the meeting, which was held virtually.