Sail reports net loss of $109m in July-September quarter

Indian government-owned Steel Authority of India (Sail) has reported a net loss of Rs7.32 billion ($109 million) for the July-September quarter of 2016.

The loss over the three months is being viewed as an improvement in Sail’s performance, as it had incurred a loss of Rs11.08 billion ($164 million) in the corresponding quarter last year, according to its announcement on Friday December...

Published

Suresh Nair

December 09, 2016

18:32 GMT

Mumbai