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    <title>Reduction in Profit of SAIL</title>
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    <description>Profit After Tax at Steel Authority of India Limited for April-September 2012 fell by 7.04% due to higher input costs (including imported coal), increased salary and wage expenses, greater interest and depreciation charges, lower interest earnings and higher mineral royalty. SAIL is executing a large Modernization and Expansion programme at an estimated cost of about Rs.72,000 crore, with benefits expected only after completion and commissioning; the release also provides plant-wise counts of regular employees and contract labour.</description>
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