Steel authority of India limited (SAIL), country’s largest steel producer, recently posted a profit of Rs 1,835 crore for the quarter ended June 30.

The company has registered a growth of 20.3 % over corresponding period of the prvious financial year. In the first quarter of fiscal 2007-08, SAIL has a net profit of Rs 1,525.12 crore.

From Rs 8,346.40 crore in the year-ago period, the company’s total income has rose by 36.85 % bringing it up to Rs 11,421.99 crore in the latest quarter.

Despite of the burden of Rs 1,434 crore because of higher costs of coal, freight, ferro-alloys, fuels and maintaining a constant price line during May-June period, the company still showed improvement in its financial performance.

Steel Authority of India Ltd (SAIL), the country's largest steel producing company, has posted a 20.32% jump in its net profit for the April-June quarter, driven by higher sales volumes, increased

Domestic steel industry in India is facing tough time. The prices of raw materials are increasing day by day and the government is trying to stabilize the prices of final product (steel) under inflationary pressure.

JSW Steel’s vice-chairman and managing director, Mr Sajjan Jindal and Tata Steel managing director, Mr B. Muthuraman expressed concerns over global increase of steel prices.

Indiabulls Securities Ltd is bullish on Steel Authority of India Ltd (SAIL).

A growth of 22% in crude steel production has been noticed by JSW Steel Limited on comparable basis in Q1 FY 2008-09 including production of Salem works for corresponding period.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Tata Steel stock to achieve