See cost, realisations falling in FY10: SAIL
May 28th, 2009
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SAIL’s Q4 FY09 net profit came in at Rs 1,486 crore and net sales stood at Rs 11,852 crore. The company’s FY09 net profit was at Rs 6170 crore and net sales at Rs 43,703 crore.
SK Roongta, CMD, SAIL, said FY09 saleable steel capacity utilisation stands at 113%.
According to Roongta, FY10 capex is seen at Rs 10,000 crore as compared to Rs 5,200 crore last year. He cautioned that FY10 will be as challenging as the previous year.