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SAIL Q3 profit slumps 62% YoY to Rs 126 crore on lower steel prices

State-owned Steel Authority of India’s profit slumped 62% year-on-year to Rs 126 crore in the December quarter hit by lower prices of steel, even as higher sales volume boosted revenue from operations.

The steel-maker sold 4.43 million tonnes of steel in the December quarter, up from 3.81…

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