The Minister of
Steel, Shri Beni Prasad Verma has said that the details of Profit After Tax (PAT) of the Steel Authority of India
Limited (SAIL) during 2008-09 to 2010-11 and third quarter of financial year
2011-12 are as under: -
(Rs. in crore)
|
2008-09
|
2009-10
|
2010-11
|
Quarter 3, 2011-12
|
PAT
|
6170
|
6754
|
4905
|
632
|
In a written reply in the Lok Sabha today
Shri Verma said, in financial year
2010-11, as compared to financial year 2009-10, the profitability declined
mainly due to adverse impact of input prices, particularly imported coal,
salary & wages, higher interest & depreciation and reduction in
interest earnings and increase in royalty on minerals etc.
He said, in third quarter of 2011-12, the
profitability declined mainly due to lower production, sales volume of saleable
steel, adverse impact of input prices, and increase in royalty on iron ore,
higher interest & depreciation and adverse foreign exchange variation. The
adverse impact has been partially offset by higher net sales realization of
saleable steel.
Shri Verma said, in
order to improve its profits, the steps taken by SAIL include improvement
in production by targeting higher
proportion of crude steel through energy efficient continuous casting route,
increasing share of value added products in product mix, improving coal dust
injection rate in blast furnaces, improving health of major units/steel making
equipment etc. Other measures to improve overall profitability include
improving techno-economic parameters, particularly coke rate and specific
energy consumption, increasing sales
of by-products, scrap, sale of idle assets and non-moving/obsolete stores and spares,
curtailing expenditure on traveling and other administrative expenses etc.
***
NSK/DB