SAIL Q1 Net Up by 10%
Steel Authority of India Ltd (SAIL) has declared the results for the quarter ended June 30, 2007. The company has posted 10 percent growth in its net earnings.
SAIL’s profit after deducting tax (PAT) stood at Rs 1525.12 crore for the quarter ended June 30, 2007 as against Rs 1386.41 crore for the quarter ended June 30, 2006.
Total Income (net of excise) has also augmented from Rs 7713.53 crore for the quarter ended June 30, 2006 to Rs 8346.40 crore for the quarter ended June 30, 2007.
Steel Authority of India Limited (SAIL) is the top steel-making company in India. It is a fully integrated iron and steel manufacturer, creating both basic and special steels for engineering, power, domestic construction, railway, automotive and defence industries and for sale in export markets.
The company makes and supplies a wide array of steel products that includes hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. It makes iron and steel at five integrated plants and three special steel plants, situated principally in the eastern and central regions of India and located near to domestic sources of raw materials, including the Company's iron ore, limestone and dolomite mines.