Steel Authority of India (SAIL) is aiming to increase its top-line by 20% to 14.52 million tonnes (MT) this fiscal from 12.1 MT a year-ago. The company is also targeting to increase production by 20% to 17.16 MT in FY17 from 14.3 MT in FY16.
Ramp-up of production from the new units is not only increasing production quantum and leading to better quality of products, but has also helped SAIL in reducing cost of production.
Higher production from the new units and rationalising production from cost intensive routes has resulted in reduction in variable cost of production by 10 per cent in January-March of 2015-16 compared to the first quarter of 2015-16 and the same trend continues.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.