Profit

Expecting coking coal prices to stabilize: SAIL

PUBLISHED ON: August 3, 2011 | Duration: 9 min, 52 sec

  
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CS Verma, chairman of SAIL, says the profits in the first quarter took a beating because of high coking coal prices. He expects the coking coal prices to stabilize because of the normalization of mining operations in Australia. SAIL reported a 29 per cent dip in Q1 FY'12 net profit at Rs 838 crore.
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