
Saturday, May 29, 1999
SAIL bleeds, posts Rs 1,573 crore loss
Steel Authority of India Ltd has registered a whopping Rs 1,573-crore loss for fiscal 1998-99 against a net profit of Rs 132 crore in the previous year.
L&T net down 11.5% to Rs 470.74 crore
Larsen & Toubro's net profit has fallen by 11.5% to Rs 470.74 crore for the year ended March 31,1999 against Rs 531.44 crore in 1997-98.
ONGC net up 2.86% to Rs 2,754.49 crore
Despite a marginal fall in its net sales, the Oil and Natural Gas Corporation has recorded a 2.86% increase in its net profit to Rs 2754.49 crore in 1998-99, against Rs 2677.77 crore in the previous year.
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