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Expect SAIL to clock a profit of over Rs 3,000 crore going ahead, says steel minister

Updated : June 29, 2018 19:49:16 IST

We are increasing our demand. It is already in the range of 5-5.5% . So if that trajectory is maintained, then demand is no problem, said, steel minister Chaudhary Birender Singh.

“If you see the budget for infrastructure, the provision is made for about Rs 6 lakh crore. That means if you take 10 percent steel component out of the total, then we would be having Rs 60,000 crore from this Rs 6 lakh crore”, he added.

On Steel Authority of India (SAIL), Singh said, “SAIL this time touched the highest turnover; that is Rs 67,000 crore. This is my prediction that if things move like that, we would be in profit to the tune of more than Rs 3,000 crore.”
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