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(From India Business Insight)
Steel companies have shown a remarkable improvement in performance during Oct-Dec 2002 with all the large producers recording double-digit growth in net sales and also doubling their net profits. Some of the loss-making companies like Steel Authority of India Ltd (SAIL) have considerably reduced their losses.
Tata Steel and SAIL have both recorded over 27 percent growth in sales during Oct-Dec 2002. The net profit of Tata Steel has shot up by 711 percent. SAIL has reduced its loss by 86.5 percent, ...