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31 May
10:43

SAIL improves performance, narrows losses in financial 2018

Steel Authority of India (SAIL) has followed other Indian steel majors and posted an improved set of results for its full financial year 2017-18 ending 31 March 2018. The company continues to be loss-making but full year losses have narrowed significantly after the steelmaker had returned to profit in the third quarter, followed by yet another profit in Q4 FY 18. SAIL chairman PK Singh said that the company is now beginning to benefit from its internal mode…
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