SAIL Registers Rs 554 Cr Profit, as Income Improves

The country’s largest steel maker SAIL posted a standalone profit of Rs 553.69 crore for the July-September quarter of 2018-19 driven by an impressive growth in income.

The steel PSU had posted a standalone loss of Rs 539.06 crore in the July-September period of the previous fiscal.

The standalone income during the second quarter increased by 23.1 per cent to Rs 16,832.37 crore, compared to Rs 13,666.05 crore in the year-ago period, according to a regulatory filing by SAIL.

“Raising volumes, targeting to operate at rated capacities and focussing to meet the requirement of the railways in terms of rails and wheels and axles are our foremost priorities, along with upholding safety practices at the core”, SAIL Chairman Anil Kumar Chaudhary said.