Steel Authority of India (SAIL) has reported results for the second quarter ended September 30, 2013.
The company has reported 117.34% rise in its net profit at Rs 1180.39 crore for the quarter as compared to Rs 543.11 crore for the same quarter in the previous year. Total income of the company has increased by 5.82% at Rs 11688.22 crore for quarter under review as compared to Rs 11045.71 crore for the quarter ended September 30, 2012.
SAIL is India’s largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
