The Steel Authority of India Limited (SAIL) has announced its financial results for the third quarter and nine-month period ending December 31, 2024. The company reported an increase in revenue from operations and sales volume in Q3 FY25, alongside a slight improvement in EBITDA compared to the corresponding period last year.
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Commenting on the performance, SAIL Chairman Mr. Amarendu Prakash acknowledged the challenges posed by declining steel prices and rising imports but highlighted the company’s ability to achieve better EBITDA despite market pressures. He reiterated SAIL’s commitment to boosting production, improving cost efficiency, and adopting greener technologies. Mr. Prakash also expressed confidence that with appropriate policy interventions, the issue of cheap imports will be addressed, while the government’s infrastructure development drive is expected to further stimulate demand in the domestic steel industry.
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Steel Authority of India Limited (SAIL) is a leading state-owned steel producer in India, operating integrated steel plants across the country. It plays a crucial role in India’s infrastructure growth, focusing on enhanced production, cost efficiency, and sustainable steel manufacturing.
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