Sunday, January 31, 1999
SAIL Q3 losses touch Rs 273 crore
The Steel Authority of India Ltd (SAIL) has registered a net loss of Rs 273 crore for the third quarter ended December 1998. This is as against a net profit of Rs 30.49 crore in the corresponding period last year.
Grasim 9-month net drops to Rs 110 crore
Aditya Birla group flagship Grasim Industries, as a result of lower volumes sales and declining sales realisation in all its mainline businesses, has posted a 36.6% drop in net profit for the nine months ending December 31, 1998.
Fertiliser subsidy up Rs 3,100 cr despite price hike
The recent urea price hike notwithstanding, the finance ministry will have to make budgetary provisions for an extra Rs 3,100 crore on account of higher subsidy on fertilisers for the year 1998-99.
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