SAIL reports net let loss of Rs 535.52 crore in Q1

Steel Authority of India (SAIL) has reported results for first quarter ended June 30, 2016.

The company has reported a net let loss of Rs 535.52 crore for the quarter as compared to a net loss of Rs 248.18 crore for the same quarter in the previous year. Total income of the company decreased by 3.84% at Rs 9327.36 crore for quarter under review as compared to Rs 9699.98 crore for the quarter ended June 30, 2015.

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.