AT A GLANCE: India’s Sail raises steel sales in FY 2020 but profit falls

Indian state-owned steelmaker Sail has reported a mixed set of results for the 2020 financial year from April 2019 until March 2020, recording higher steel sales but a lower profit after tax than in the year before.

In brief Sail made an all-time record volume of saleable steel in the April 2019-March 2020 financial year, but its profit decreased over the period. Sales of steel from the company rose year on year in the FY2020 financial year, but fell year on year in the challenging January-March period. Sail faced difficulties this year, but is now scaling up its...

Published

Lee Allen

July 15, 2020

09:32 GMT

Singapore