State-owned SAIL has produced a record 18.28 million tonnes of crude steel during the financial year 2022–23, registering a year-on-year rise of 5.3%.
The production of hot metal also rose by 3.6% to 19.40 MT during the financial year ended March 31.
In a statement, the Steel Authority of India said it has achieved the best-ever annual production during FY23.
"The company recorded 19.409 MT hot metal and 18.289 MT crude steel production, with growth of 3.6% and 5.3%, respectively, over the previous best in FY22," the statement added.
The steel giant further said it is continuously ramping up its production over the years with a focus on more value-added and special-steel production.
SAIL, under the Ministry of Steel, is the country's largest steel producer with an annual installed capacity of around 20 MT. It has five integrated and three special steel plants across various locations in the country.
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