https://www.taxtmi.com/news?id=3294 Profitability fell markedly between 2009-10 and 2010-11 and remained weak into 2011-12 due to higher input costs (notably imported coal), raised salary and wage bills, increased interest and depreciation, reduced interest earnings, higher mineral royalty, lower production and sales volumes, and adverse foreign exchange variation; higher net sales realisation only partially offset the decline. To improve profits the company is pursuing production and product mix optimisation, energy and process efficiencies, higher coal injection rates, asset disposals, increased by product and scrap sales, and tighter administrative cost control. en-us Mon, 14 May 2012 15:44:41 +0530 Mon, 14 May 2012 15:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3294 Profitability fell markedly between 2009-10 and 2010-11 and remained weak into 2011-12 due to higher input costs (notably imported coal), raised salary and wage bills, increased interest and depreciation, reduced interest earnings, higher mineral royalty, lower production and sales volumes, and adverse foreign exchange variation; higher net sales realisation only partially offset the decline. To improve profits the company is pursuing production and product mix optimisation, energy and process efficiencies, higher coal injection rates, asset disposals, increased by product and scrap sales, and tighter administrative cost control. News - Mon, 14 May 2012 15:44:41 +0530 https://www.taxtmi.com/news?id=3294