Steel Authority of India (SAIL) is all set to open technical and commercial bids from the prospective mine developer cum operators (MDO) for Tasra coal block on July 10, 2012. The company is planning to set up a pithead coal beneficiation plant. Proposed open cast mine project also includes rehabilitation and resettlement of people from the site and setting up a 200-300 MW thermal power unit.
For the quarter ended March 31, 2012, on standalone basis, the company has posted a marginal rise of 3.03% in its net profit at Rs 1576.98 crore as compared to Rs 1530.61 crore for the same quarter in the previous year. Total income has increased by 12.72% at Rs 13691.97 crore for quarter under review as compared to Rs 12146.92 crore for the quarter ended March 31, 2011.
