You are here: Home » Reuters » News
Business Standard

Steel Authority of India posts ninth straight quarterly loss


- 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.

($1 = 64.1850 Indian rupees)

(Reporting By Arnab Paul in Bengaluru; Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 17:49 IST