Steel Authority of India Ltd (SAIL) has announced the following Unaudited results for the quarter ended September 30, 2009:

The Company has posted a net profit of Rs 16634.90 million for the quarter ended September 30, 2009 where as the same was at Rs 20096.00 million for the quarter ended September 30, 2008. Total Income is Rs 105752.80 million for the quarter ended September 30, 2009 where as the same was at Rs 124885.80 million for the quarter ended September 30, 2008.

- The Ministry of Corporate Affairs, vide order dated July 28, 2009, notified the approval of amalgamation of Bharat Refractories Ltd. (BRL), another Government Company, with the Company under Section 396 of the Companies Act, 1956. As per the scheme of amalgamation, the amalgamation is effective from the appointed date of April 01, 2007. The amalgamation has been given effect to in accordance with the provisions of the scheme of amalgamation during the current quarter. Accordingly, as stipulated under the scheme of amalgamation, balance of the Profit & Loss Account of the BRL as on April 01, 2007, has been merged in the accounts of the Company. The profit after tax of BRL for the years 2007-08 & 2008-09, has also been credited to the balance of the Profit and Loss Account of the Company. The financial results of the quarter/half year ended September 30, 2008 and the year ended March 31, 2009, do not include the figures of the erstwhile BRL and are therefore not comparable with those of the current quarter/half year. The figures for the current quarter/half year include the results of erstwhile BRL, subsequent to its amalgamation with the Company.