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08 Dec
20:41

SAIL breaks records as after-tax loss narrows

State-owned Indian steelmaker Steel Authority of India Limited (SAIL) broke production and sales records in the second quarter of its current financial year (FY16-17). It could not however translate this momentum into an after-tax profit for the period although losses narrowed year-on-year, Kallanish learns from a company statement. SAIL gives no prognosis for the rest of its financial year. Its chairman Shri. P.K. Singh however says that “… we are …
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