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Wednesday, January 27, 2010

SAIL Q3 net doubles, beats forecast

Three months ended Dec. 31.

(Versus the same period a year earlier, in billion rupees unless stated)

Net profit 16.76 vs 8.43

Net sales 96.97 vs 87.24

NOTE: State-run Steel Authority of India Ltd is India's largest domestic producer of the metal.

A Reuters poll of 12 brokerages had estimated quarterly profit at 14.07 billion rupees on net sales of 97.80 billion.

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