SAIL Ready for Expansion, Says Chairman
09/29/2021 - Steel Authority of India Ltd. (SAIL) chairman Soma Mondal on Tuesday said the company is ready to move to the next phase of expansion, according to reports.
At the company’s annual general meeting, Mondal cited sale of iron ore fines and higher secondary product sales, lower usage of raw materials and improved techno-economic parameters as factors that have helped SAIL improve its profitability.
Mondal described fiscal year 2021 as a year of “growth and scaling newer heights” for SAIL, with EBITDA 23% higher than last year.
