 "SAIL sales up 14% in April")
"Steel Authority of India Ltd has registered a growth of 14% in sales in April 2014, with 8.1 lakh tonnes sales, including 66% increase in exports as compared to April 2013," the company said in a statement.
It added that the hot metal production rose by 6% at 1.22 million tonnes (MT) vis-a-vis 1.16 MT of April, 2013. The crude steel production of the company was at 1.14 million tonnes, up 4%.
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"April performance gives us confidence that SAIL will attain a double-digit growth level both in production and sales in 2014-15. In fact, SAIL will play a key role in India becoming the second largest steel producing country in the world in coming years," the company's chairman C S Verma said in the statement.
The company's scrip closed 1.41% down at Rs 66.35 on the BSE.
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