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Steel Authority of India Limited (SAIL) Posts Best Ever Production Performance

New Delhi: 28/9/22: Steel Authority of India Limited (SAIL) held its 50th Annual General Meeting, today at Company’s headquarter in  New Delhi. Smt. Soma Mondal, Chairman, SAIL addressed the shareholders in the meeting, held through a virtual platform.

In her address Smt. Mondal highlighted the achievements of the Company during fiscal 2021-22 and underlined the future action plan of the Company. SAIL has posted the best ever production performance by producing 18.733 million tonne (MT) of hot metal and 17.366 MT of crude Steel during FY’22.  For the first time, the Company entered into the elite club of Indian Companies having a turnover above rupees one lakh crore. The turnover of Rs. 1.03 lakh crore during FY’22 saw substantial growth of more than 50% over the previous best of Rs.68452 crore achieved during FY’21. The increase in turnover coupled with improved operational performance helped the Company achieve its highest ever numbers in terms of profitability.

Smt Mondal described the year  2022 as a milestone year for the country as India completed 75 glorious years of independence and  denoted it as an extraordinary milestone in the journey of modern India which assumes further significance in the light of India’s preparedness to gravitate forward into India 2.0. SAIL  is prepared to contribute to this growth story of India by capitalizing on the intrinsic strength and resources at its disposal, the Chairman added.

Smt Mondal highlighted  SAIL’s role as a conscientious ethical corporate and stated that the focus is on meeting the ESG goals. In times to come, SAIL would be making many more interventions to curtail carbon emissions to meet global standards. With due emphasis on sustainability, the Company is continuously improving upon its processes, product basket, and policies while building an ambitious roadmap for the future, the Chairman further stated.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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