Indian state-owned steelmaker Steel Authority of
India Limited (
SAIL) has announced that in the financial year 2014-15 ended on March 31 it registered a net profit of INR 20.9 billion ($328.4 million), down 20 percent compared to the same period of the previous financial year. In the given period,
SAIL's gross turnover amounted to INR 506.3 billion ($7.9 billion), falling 2.4 percent year on year.
In the fourth quarter of FY 2014-15,
SAIL produced 3.27 million mt of crude steel, rising by 10 percent year on year. In the full financial year, the company achieved its highest-ever continuous casting
production volume of 10.34 million mt, up six percent compared to the previous financial year.