INSUBCONTINENT EXCLUSIVE:
Steel Authority of India Limited held its yearly general meeting on TuesdayMaharatna steel leviathan Steel Authority of India Limited (SAIL)
stated on Tuesday that it is prepared to move towards the next level of its growth programme.Addressing the state-owned entity's yearly
basic conference, chairperson Soma Mondal said that the existing financial year will be a duration of development as the company posted its
greatest revenues before interest, taxes, devaluation and amortization or EBITDA of Rs 13,740 crore which was 23 per cent more than that of
previous fiscal.This, she stated, assisted in enhancing the business's earnings margins as there were higher sale of secondary products and
iron ore fines.Other aspects which helped in enhancing SAIL's success, included enhancement in techno-economic criteria, lowered purchased
power rates, fall in rates of interest and gains in forex, Ms Mondal informed the meeting.She even more pointed out that the revenue before
tax or PBT was at its greatest in the last 10 years.Despite challenges presented by the Coronavirus pandemic, she stated that SAIL took a
number of procedures to reduce its financial impact.Some of these procedures were optimum use of its functional facilities rather than using
larger number of centers, the chairperson said.The business also cut down on its consumption levels and was able to reduce expenses, Ms
