|
|
Government-run steel manufacturer Steel Authority of India Ltd has logged in a net profit of Rs.1,660 crore for the second quarter of the 2009-10 fiscal which ended on Sep 30 as against the Rs.2,009 crore registered during 2008-09 Q2.
The total income has been reported to bet Rs.10,575.28 crore for the Q2 of the current fiscal as against the Rs.12,488.58 crore registered during the Q2 of previous fiscal.
According to SAIL chairman S.K. Roongta, “the lower prices eroded profit of the company in the second quarter to the tune of Rs.3,000 crore”.
