Riding on a 16 per cent growth in sales in September, 2013, Maharatna Steel Authority of India limited (SAIl) recorded an increase of 14 per cent in sales in Q2FY14 year on year by selling 3.1 million tonnes (MT).
During this period, there was also an increase of 47 per cent year on year in steel exports at 1.3 lakh tonnes. During the first half of current financial year, the company achieved highest ever saleable steel production of 6.5 million tonnes, registering a growth of four per cent year on year. CS Verma, chairman, SAIl expressed confidence that the growth trend in sales and exports would continue.