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Tuesday, June 22, 2010

Bokaro steel plant posts Rs.2,085 crore profit

Bokaro Steel Plant (BSP) Monday announced posting profit of Rs.2,085 crore in the 2009-2010 financial year.

“The last financial year profit is much higher than 2008-2009 which was Rs.1,293 crore. For the quarter ended March 2010, the revenue increased 13 percent to Rs.3,239.83 crore,” Managing Director V.K Srivastav told reporters.

He said the import of coal from foreign countries impacted the profit of the company.

He also said interrupted power supply caused production losses. The company suffered a loss of Rs.29 crore in May this year due to irregular power supply.
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GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.810% 4.632%
23:00 Fed's Chair Powell speech 3
Thursday, Apr 17
01:30 Net Long-Term TIC Flows 1 $112.0B $35.2B $-42.2B Revised from $-45.2B
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04:15 Consumer Price Index (YoY) 3 2.3% 2.2%
04:15 Consumer Price Index (QoQ) 3 0.7% 0.5%
04:30 Fed's Schmid speech 2
07:00 National Australia Bank's Business Confidence (QoQ) 2 -4
07:00 Participation Rate 2 67.0% 66.8%
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