SAIL registers 5% growth [Mar 2012]

SAIL has announced its turnover for the first nine months of FY 12 that stood at Rs. 35563.73 crore was 5 per cent higher than CPLY. Profits were impacted compared to CPLY, due to higher input costs and foreign exchange variations. The company’s PBT and PAT during the April-December’11 period were recorded at Rs.2849.51 crore and Rs.1965.74 crore, lower by 42.7 per cent and 41.7 per cent respectively, over CPLY. The difference in profit (PBT) at Rs.2120 crore, was primarily because of impact of coking coal price increase at Rs.1849 crore, and foreign currency variation of Rs.1079 crore. SAIL’s net worth grew by Rs.2503 crore to Rs.38618 crore as on 31st December’11. SAIL Board approved interim dividend for its shareholders at 12 per cent of the company’s paid-up capital.
Several ongoing projects in SAIL steel plants were completed in Q3FY12, including rebuilding of Coke Oven Battery-II at Bokaro, installation of turbo-blower no. 8 at Bokaro, installation of 60-tonne ladle furnace at ASP and Tonnage Oxygen Plants at Rourkela & Bhilai. Commissioning activities for pickling line cum tandem cold Mill (PLTCM) for Cold Rolling Mill at Bokaro were started.

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