Date | May 11, 2016:

Steel Authority of India (SAIL), the country’s largest steel producer, is targeting steel production at 17 million tonnes (MT) for FY17 and 20 MT for FY18. The company plans to target 70% sales in the northern and eastern regions and increase its presence in the ‘Make in India’ sectors like defence, aerospace and nuclear power.

The company intends to sell idle assets, and reduce inventories of steel. It also aims to reach coal production target of 2 MT for FY17 and open new mines allotted by the government.

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.
Source: Accord Fintech

(Source: http://www.hellenicshippingnews.com/)