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7	7	* Steel Authority of India Limited (NSE:SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country’s Central Public Sector Enterprises.
8	8	* SAIL produces iron and steel at five integrated plants and three special steel plants.
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11	11	[[image:SAIL0.png||height="390" width="720"]]
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67	67	* SAIL Nex
68	68	* SAIL SeQR TMT Bars
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71	71	[[image:SAIL4.jpg]]
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101	101	During the FY 2020-21, despite the lockdown in the Country during Q-1 because of Covid-19 situation, there has been significant improvement in the performance of the company mainly on account of increase in NSR of Saleable Steel (10%) and significant reduction in the imported coking coal prices (21%). The profit has further improved due to increase in saleable steel sales (5%) on account of higher demand of steel, higher sale of pig iron, secondary products and iron ore fines, decrease in expenditure of stores and spares, purchased power rates, interest charges etc. and higher dividend income, foreign exchange gain and reversal of Covid-19 discount on sub grade iron ore fines.
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103		-There has been significant reduction in the borrowings of the company during the FY 2020-21due to improved cash flows because of increasing steel prices and demand in India. st The Company had borrowings of Rs 37,677 crore as on 31 March 2021 st vis-à-vis Rs 54,127 crore as on 31 March 2020 in line with INDAS. The Company has hedged the foreign currency risk on Buyers’ Credit and External Commercial Borrowings. The debt equity ratio of the Company as on st st 31 March, 2021 decreased to 0.87:1 from 1.36:1 as on 31 March, 2020 primarily due to decrease in borrowings during the year. The net worth of the st Company increased to Rs 43,495 crore as on 31 March 2021 from Rs 39,777 st crore as on 31 March 2020.
	101	+There has been significant reduction in the borrowings of the company during the FY 2020-21due to improved cash flows because of increasing steel prices and demand in India. The Company had borrowings of Rs 37,677 crore as on 31 March 2021 st vis-à-vis Rs 54,127 crore as on 31 March 2020 in line with INDAS. The Company has hedged the foreign currency risk on Buyers’ Credit and External Commercial Borrowings. The debt equity ratio of the Company as on st st 31 March, 2021 decreased to 0.87:1 from 1.36:1 as on 31 March, 2020 primarily due to decrease in borrowings during the year. The net worth of the st Company increased to Rs 43,495 crore as on 31 March 2021 from Rs 39,777 st crore as on 31 March 2020.
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106	106	[[image:SAIL3.jpg]]
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178	178	The company's board has approved an interim dividend of Rs 4 per share for the current fiscal year, it said.
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181	181	= References =
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