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Steel Authority of India posts ninth straight quarterly loss
Steel Authority of India Ltd reported its ninth consecutive quarterly loss on Friday, hurt by higher expenses.
New Delhi: Steel Authority of India Ltd reported its ninth consecutive quarterly loss on Friday, hurt by higher expenses.
Net loss came in at 8.01 billion rupees ($124.80 million), in the first quarter ended June 30, compared with a loss of 5.36 billion rupees in the year-ago period.
Total expenses for the quarter surged 27 percent to 143.50 billion rupees.