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Sesa Goa's coke plant commissioning postponed by three weeks

21 Aug 2012 Evaluate

Sesa Goa has delayed commissioning of its metallurgical coke plant's expansion facility at Amona village by three weeks after two high-capacity diesel burners misfired continuously for two days, leaving thick black smoke in the air.

An unexpected misfiring in two high-capacity diesel burners resulted in generation of soot on August 17, which dispersed into the atmosphere. The burners were set right and the process was continued. However, despite precautions, two burners misfired again at around 11 pm on August 18.

The company has registered a fall of 66.17% in its net profit at Rs 227.66 crore for the quarter under review as compared to Rs 672.98 crore for the same quarter in the previous year. The total income of the company has decreased by 17.47% at Rs 1511.76 crore for Q1FY13 as compared Rs 1831.68 crore for the corresponding quarter previous year.

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