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SAIL Q2 sales grow 14% on construction demand

SAIL Q2 sales grow 14% on construction demand
PTI
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First Published: Thu, Oct 08 2009. 03 50 PM IST
Updated: Thu, Oct 08 2009. 03 50 PM IST
New Delhi: The country’s largest steel maker SAIL on Thursday reported 14% growth in its sales at over 3 million tonnes during the second quarter ended September 2009, over the year-ago period.
“The company achieved record Q2 sales of over 3 million tonnes, registering growth of 14% over the corresponding period last year,” Steel Authority of India Ltd said in a statement.
The company said it also achieved 1.2 million tonnes special steel production-- best ever in any Q2, which was 15% higher than the corresponding period last fiscal.
Sale of long products, primarily consumed by the construction sector, surged by 14%, in the quarter over July-September 2009.
Production of flat-rolled items, used by the auto and the consumer durables industry, surged by 13% in the second quarter of the fiscal over the corresponding period last fiscal.
According to the company, it also achieved the best techno-economic factors for any Q2 in the period.
Hoping for better demand in future, SAIL chairman S.K. Roongta had recently said “demand growth can touch double digit figure in the October-December period”.
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First Published: Thu, Oct 08 2009. 03 50 PM IST