SAIL earns net profit of Rs 3850 crore in FY21
Steel Authority of India Limited (SAIL) has announced the company’s annual as well as fourth quarter performance for the financial year FY 2020-21 (FY21) recently. SAIL has exhibited strong performance in all parameters in FY21 despite the unprecedented challenges posed by the Covid-19 pandemic.
While commenting on the company’s performance during FY21, Smt. Soma Mondal, Chairman, SAIL said, “The production performance and financial performance of the company have improved hand-in-hand during the year. ‘Team-SAIL’ worked committedly notwithstanding severe and unforeseen challenges posed by the pandemic of Covid-19 especially during the first half. The second half saw buoyancy in steel demand on the back of recovering economic activities. With the government also putting thrust on infrastructure spending, we focused on scaling up market driven products along with improvement in operational efficiency, which helped the company deliver a noteworthy performance”.