SAIL registers 11 per cent growth in May sales

Odisha Channel Bureau Bhubaneswar: Maintaining emphasis on higher sales, Steel Authority of India Limited (SAIL) registered an aggressive sales growth of 11per cent in May 2014, at 1.06 million tonnes (MT), compared to 0.96 MT in same month last year.Rise in exports was to the tune of 76 per cent on a year-over-year basis during the month.Production at SAIL plants kept pace with Hot Metal production of 1.26 MT achieved in May, registering a year-over-year growth of 4 per cent.Optimistic about the ensuing period in current financial year, SAIL Chairman C.S.Verma said, “we foresee the present thrust on infrastructure growth translate into higher demand of steel in the country.This certainly augurs very well for the industry, and SAIL is geared to meet this resurgent demand.”