SAIL Q2 net loss narrows to Rs 539 crore on higher sales

In order to neutralise the rise in input costs, the company is continually ramping up production from new facilities

Steel Authority of India Ltd (SAIL)  said on Thursday its net loss for the quarter ended September 30 (Q2) had narrowed to Rs 539.06 crore on account of higher sales revenue.

The state-owned firm registered 21 per cent growth in net sales revenue, which stood at Rs 13,442 crore for Q2, against Rs 11,080 in year-ago quarter, SAIL said in a statement. The company said the reason for higher revenue was the company’s emphasis on increasing the share of high-value products in its basket.
 

Reiterating the need to change the product mix to make way for more value-added and differentiated