 "Steel's woes end after five-year slump")
State-run steel maker SAIL’s standalone net loss widened to Rs 801.38 crore for the June quarter due to higher expenses.
It had clocked a net loss after tax of Rs 535.52 crore in the corresponding quarter of 2016-17, the company said in a BSE filing.
Total standalone income of the company rose by 25.39 per cent to Rs 13,072.77 crore in April-June this fiscal from Rs 10,424.95 crore during the same quarter in 2016-17. Its total expenses rose by 27.03 per cent to Rs 14,349.89 crore in the quarter under review as against 11,296.16 crores in the year-ago period.
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