Business Standard

Monday, January 06, 2025 | 06:59 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

SAIL Q3 net loss narrows to Rs 795 cr

The total expenses of the company increased to Rs 13,332 cr

SAIL
Premium

A man stands next to an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi, India. Photo: Reuters

Megha Manchanda New Delhi
State-owned Steel Authority of India's net loss for the quarter ended December 31, 2016 narrowed to Rs 795 crore as higher production resulted in greater sales during the period.
The steelmaker posted a net loss of Rs 1,481.06 crore in the corresponding quarter of the last financial year (2015-16). The total expenses of the company increased to Rs 13,332.3 crore from Rs 11,758.8 crore in the same period, last fiscal.
"With improvement in the share of value added products like high tensile plates, long rails, CR coils and structurals in our product basket and intensifying our marketing approach we aim to improve

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in