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SAIL eyes 21 MT production by FY21

Press Trust of India  |  New Delhi 

State-run SAIL today said it is eyeing of 21 million tonnes by 2020-21.

"The company will produce to potential and not just name plate capacity. It will achieve the target of 21 million tonnes (MT) by FY21," Ltd (SAIL) P K Singh said in a statement.

According to the company's annual report for 2016-17, SAIL produced 14.496 MT of during the said financial year.

The company said its modernisation and expansion programme will enable it to enormously increase its capacity and particularly from its new mills and market them.

The also said that "cutting-edge in business will be provided by the company's committed human resource as collective wisdom can do wonders."

SAIL has clocked profits in third quarter of the current fiscal after a gap of ten quarters, the statement said.

Singh said, "We have to keep up the momentum of improving our performance and there is no reason to look back from here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 20:55 IST