Indian steelmaker Steel Authority of India Limited (SAIL) has reported net profit of INR 24.8 billion ($319.87 million) for the fourth quarter (January-March) of the fiscal year 2021-22, down 29 percent year on year, a company statement said on Tuesday, May 24.
The company’s consolidated revenue from operations, however, rose by 32 percent year on year to INR 307.6 billion ($3.97 billion), the statement said.
$1 = INR 77.50
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.