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SAIL, the state-owned steel company, reported a 5% rise in crude steel production to 19.2 million tonnes (MT) for fiscal year 2023-24 on Monday.
According to a statement from the Steel Authority of India Ltd (SAIL), its hot metal output increased by 6% to 20.5 MT for the fiscal year that concluded on March 31.
Comparing FY 2022–2023 to FY 2024–2025, SAIL reported a 7% increase in saleable steel output to 18.4 MT. With 17.1 MT of sales, up 5% Year over Year, the company recorded its highest-ever sales volume throughout the year.
"SAIL Chairman Amarendu Prakash has ascribed the exceptional achievement to the company's strategy alignment with the growing demand in the steel market. In a statement released by the company, he highlighted SAIL's resolve to continue improving the company's production capacities while being adaptable to the demands of the shifting market.
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