SAIL goes from ₹334 cr profit to ₹1,231 cr loss
Steel Authority of India (SAIL) has posted a net loss of ₹1,231 crore for the quarter ended March, compared to a ₹334 crore profit in the year-ago period. For the entire fiscal 2015-16, net loss stood at ₹4,137 crore against a ₹2,093 crore profit in 2014-15, due to reduction in net sales realisation, higher interest and depreciation charges, SAIL said.