Bokaro: The Bokaro Steel Plant (BSL), a flagship unit of Steel Authority of India Limited (SAIL), has witnessed a notable descent in its standing among SAIL plants. Traditionally known for its prowess in clinching the top position, Bokaro now finds itself relegated to the third spot in terms of Profit Before Tax (PBT). Sources said, the latest data reveals a significant shift in the rankings, with Bhilai Steel Plant (BSP) emerging as the new frontrunner with a remarkable PBT of 3,548 crores. Following closely behind is Rourkela Steel Plant (RSP), securing the second position with 1,415 crores in PBT. Bokaro Steel Plant (BSL), once at the helm of the PBT rankings, now trails behind with a PBT of 1,365 crores.
This development has raised eyebrows among industry experts, who are keenly observing potential challenges or operational shifts within Bokaro Steel Plant (BSL) that may have led to this decline. Meanwhile, Durgapur Steel Plant and IISCO Burnpur recorded PBT figures of 564 crores and 295 crores respectively, further diversifying the performance landscape across SAIL plants.
Profit Before Tax, (Profit Before Tax) of SAIL Plants
SAIL declares financial results for Q4 and Annual FY’24 Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter and year ending 31st March, 2024.
During FY 2023-24, the Company has achieved its best ever performance in production and sales. The crude steel production and sales volume have registered a growth of 5.2% and 5.1% respectively during FY’24 over CPLY.
The Revenue from Operations for the Company has been the highest ever during FY’24. This was the third consecutive year when the Revenue from Operation crossed the coveted level of Rs. 1,00,000 crore.
The Company has recommended a final dividend of Rs. 1 per equity share i.e. 10% of face value for the Financial Year 2023-24, subject to the approval of the shareholders at the AGM. The Company had earlier paid an interim dividend of Rs. 1 per equity share during the year.
Chairman, SAIL Amarendu Prakash –
“The Indian Steel Markets have remained quite robust showcasing continual growth in demand. SAIL has been taking various initiatives towards increasing volumes, adding value added products to its product basket and improving efficiency levels which is reflected in the improved physical performance year on year. The Company will continue to work on improving its performance further to tap into the buoyancy in the growing Indian Steel Market”.
Sources said, the latest data reveals a significant shift in the rankings, with Bhilai Steel Plant (BSP) emerging as the new frontrunner with a remarkable PBT of 3,548 crores. Following closely behind is Rourkela Steel Plant (RSP), securing the second position with 1,415 crores in PBT. Bokaro Steel Plant (BSL), once at the helm of the PBT rankings, now trails behind with a PBT of 1,365 crores.
Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter and year ending 31st March, 2024.
