Error message

Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).

SAIL’s Q1 net profit up 20%

Sumeet Kak 22 July 2008

Steel Authority of India Ltd (SAIL), the country's largest steel producing company, has posted a 20.32% jump in its net profit for the April-June quarter, driven by higher sales volumes, increased production and higher interest earnings.

The New Delhi- based company said that its first-quarter net profit rose to Rs 1835.19 crore from Rs 1525.12 crore, compared with previous year.

Total Income has increased from Rs 8,346.40 crore for the quarter ended June 30, 2007 to Rs 11,421.99 crore for the quarter ended June 30, 2008.

Business News:

Company Results

Steel Sector