SAIL sets new production record

New Delhi, Apr 2 (UNI) Surpassing previous records in physical performance, Steel Authority of India Limited (SAIL) achieved the saleable steel production of over 12 million tonnes (MT) and 32 per cent growth in exports during the financial year 2005-06.

SAIL also recorded the highest-ever total sales of over 11.2 million during the year ended March 2006.

The audited financial results of the company for FY '06 will be announced in May 2006.

The company, operated all its blast furnaces at 107 per cent average capacity utilisation, enabling best-ever production of hot metal at 14.6 million tonnes (11 per cent growth) and crude steel at 13.5 MT (8 per cent growth), leading to 6 per cent increase in saleable steel output.

''The record-breaking physical performance has generated confidence for reaching the growth targets that have been set for 2011-12 in a systematic manner,'' SAIL Chairman V SJain said in a statement here.

The company continued with its strategy of utilising the available potential of existing units and optimising production of value-added products through the continuous casting route.

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