SAIL Q4 net jumps 40%

Briefing reporters, Chairman & Managing Director S K Roongta said, the company had posted net profit of Rs 1,485.20 crore in the fourth quarter of 2008-09. For current fiscal, it has set capital expenditure of around Rs 12,500 crore, he said, adding that 50 per cent of the amount would be in the form of debt. The company has cash reserves of over Rs 22,000 crore.

The company clocked a total income of Rs 12,672.69 crore in the January-March period of FY’10, against Rs 12,519.33 crore in the same quarter of the previous year. For full year ended March 31, the public sector major posted a net profit of Rs 6,754.37 crore, up 9.4 per cent from Rs 6,170.40 crore in FY’09.