ALSO READSteel Authority of India reports standalone net loss of Rs 771.30 crore in the March 2017 quarter India extends anti-dumping duty on some Chinese steel items by 5 yrs SAIL drops after posting dismal Q4 results Steel Authority of India gets revision in credit ratings Steel Authority of India announces board meeting date
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. (http://bit.ly/2vLi1df)
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)
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