Despite current economic slowdown,Steel Authority of India Limited (SAIL) has set its production target of saleable steel to around 12 million tonnes during the 2009-10 financial year.
The target,said to be higher despite the economic recession,was set up in a memorandum between the Ministry of Steel and SAIL Board Chairman on March 31,2009.
The memorandum mainly focusses on production of higher volume of value-added steel products of over three million tonnes during the year to meet the growing requirement of high-and user segment.
The PSU steel major also set up a competitive target of a sales turnover of over Rs 40,000 crores during 2009-10 fiscal,the sources said.
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