SAIL Q3 net loss narrows to Rs 795 cr

The total expenses of the company increased to Rs 13,332 cr

State-owned Steel Authority of India's net loss for the quarter ended December 31, 2016 narrowed to Rs 795 crore as higher production resulted in greater sales during the period.

The steelmaker posted a net loss of Rs 1,481.06 crore in the corresponding quarter of the last financial year (2015-16). The total expenses of the company increased to Rs 13,332.3 crore from Rs 11,758.8 crore in the same period, last fiscal.

"With improvement in the share of value added products like high tensile plates, long rails, CR coils and structurals in our product basket and intensifying our marketing approach we aim to improve