Please join StudyMode to read the full document. The plant was commissioned in and currently has employees. Annual production is , tons of steel bars compared to its , tons annual designed capacity, which is mostly consumed by the domestic market. The company participated in the project to sustain their effort to improve the operation, cut down on production cost through energy efficiency and cleaner production and prepare for an application for Integrated Management System ISO , ISO and OSHAS certification.
Steel Authority Of India Limited v. Gupta Brothers Steel Tube Limited
Case Study on Steel Authority of India Essay - Words
The profit of your Company during the Financial Year has improved on account of higher Saleable Steel production, increase in Net Sales Realization of Saleable Steel of 5 Integrated Steel Plants, sales of secondary products, lower voluntary retirement compensation, lower Coke Rate, etc. Your Company continued its thrust on judicious fund management with timely repayment of loans including interest, advance planning and action for future fund raising, etc. The Company had borrowings of Rs,45, crore as on 31 st March vis-a-vis Rs,45, crore as on 31 st March The debt equity ratio of the Company as on 31 st March, decreased to 1. The net worth of the Company increased to Rs,38, crore as on 31 st March from Rs,35, crore as on 31 st March
Steel Authority of India Limited (SAIL)
A lower sales volume was the prime cause for the decline. Steel prices, which were soaring at the beginning of , had started to gradually decline in September They hit a rock-bottom at the end of the financial year The profit after tax during was INR
The company manufactures and sells a wide range of iron and steel products such as hot and cold rolled sheets and coils, galvanized sheets, electrical sheets, structurals, railway products, and plates. It also manufacturers bars and rods, stainless steel and other alloy steels. SAIL owns five integrated steel plants and three special steel plants in the eastern and central regions of India.