Essar Steel's total income grows by 4 pc in Q1

Surat, Aug 2 (UNI) Steel major Essar Steel's total income for the first quarter ended June 30 rose to Rs 1,720 crore as compared to the previous year's Rs 1,652 crore, a growth of four per cent.

The Hazira-based company's net profit for the quarter was Rs 41.13 crore after calculating other costs including depreciation and deferred tax, the release said.

The production for the quarter grew by nine per cent to 7.06 lakh tonnes as compared to 6.45 lakh tonnes in the first quarter of the previous year.

The compny's sales grew by seven per cent to 6.11 lakh tonnes as compared to 5.73 lakh tonnes in the corresponding period a year ago, the release added.

UNI MS SSS VKG1200