Improved margins for SAIL The persistent strategic approach helped SAIL to strengthen the EBIDTA to Rs.5184 crore in 2017-18, a substantial increase over 2016-17, said Saraswati Prasad, CMD, SAIL. SAIL achieved its highest ever production of hot metal of 15.983 MT, crude steel of 15.021 MT and saleable steel of 14.071 MT.
Post-liberalisation, states were aggressive in attracting mega investments. There was also the prospect for setting up ancillary units. There were intense competition and race-to-the-bottom incentive wars. In the automobile sector Maharashtra, Haryana and Tamil Nadu indulged in such competition. Maharashtra, the leader, was among the first to offer complete exemption from