Reduction in Profit of SAIL

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..... Reduction in Profit of SAIL
News and Press Release
Dated:- 29-11-2012

Press Information Bureau Government of India Ministry of Steel 29-November-2012 16:09 IST The Minister of Steel, Shri Beni Prasad Verma has said that Profit After Tax (PAT) of Steel Authority of India Limited (SAIL) during April to September, 2012 at Rs. 1240 crore has been lower by 7.04% over corresponding per .....

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..... iod last year (April-September 2011) mainly due to adverse impact of input prices, particularly imported coal, salary & wages, higher interest & depreciation, reduction in interest earnings and increase in royalty on minerals, etc. In a written reply in the Rajya Sabha today Shri Verma said, SAIL has undertaken Modernization/Expansion of its Steel Plants/Units at an estimated cost of about Rs.72,0 .....

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..... 00 crore. The benefits from Modernization/Expansion would start accruing after their completion/ commissioning only. The plant-wise details of total number of regular employees (executive and non-executive) and contract labours working in SAIL are as under: Plant Regular employees (as on 1.11.2012) Contract Labour (as on 31.10.2012) Executive Non-executive Bhilai Steel Plant 3767 25350 .....

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..... 28377 Rourkela Steel Plant 2211 15814 19029 Durgapur Steel Plant 1645 10713 6900 Bokaro Steel Plant 2708 16856 8973 IISCO Steel Plant 979 7577 13748 Alloy Steel Plant 290 1110 640 Salem Steel Plant 322 1019 203 Visvesvaraya Iron & Steel Plant 228 816 1077 *** NSK/DB
News - Press release - PIB .....

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