NMDC expects 40% rise in FY09 net profit
India Infoline News Service / Mumbai Mar 16, 2009 15:09
The company had posted a net income of Rs32.5 bn in the year ended March 31, 2008.
NMDC Ltd. is expecting 40% gain in profit this fiscal year after long-term prices almost doubled, Chairman Rana Som said on Monday.
The company had posted a net income of Rs32.5 bn in the year ended March 31, 2008. An expected 5% decline in sales this year should be more than offset by the rise in contract prices since April last year, Som said on the sidelines of an industry conference in
About: Company: NMDC Ltd.