Steel Authority of India Ltd (SAIL) may be in for a profit surge if the company’s plea to Indian Railways for a provisional hike in prices for the supplies of rails is approved.
India’s largest public sector steel maker has been booking a provisional price of Rs 67,500 a tonne for rails supplied to the railways in the last fiscal year (2022-23) as well as in the first six months of the current fiscal year (April to September).
The company is going to seek an ad hoc increase in prices for 2022-23 before it sends the cost data for final price calculation.
