Steel Authority of India Limited (SAIL) just dropped some major financial bombshells, fam. They spilled the tea on their quarter and nine-month results ending December 31, 2023, and it’s lit.
For the nine months ending FY’24, SAIL’s been flexing hard with a 6.6% spike in crude steel production and an 8.2% boost in sales volume compared to the same period last year. Talk about levelling up.
In Q3 FY’24, they kept the fire burning with 4.75 million tonnes of crude steel production and a sales volume of 3.81 million tonnes. Even though the price game was weak during this quarter, SAIL still managed to bring in some serious cash with revenue hitting ₹23,345 crores.
Amarendu Prakash, Chairman of SAIL, ain’t playin’ around. He’s all about that hustle, leading the crew towards sustainability and stacking up those digits.
With SAIL’s focus on de-carbonisation, maxing out capacity, digital vibes, and staying lit on the cost game, they’re straight-up killing it in the steel scene.
