S.A.L. Steel Limited — Board Meeting, 12-02-2025: Outcome of Board Meeting

The Board of Directors of SAL Steel Limited has approved the financial results for the quarter and nine months ended December 31, 2024. Key highlights include total revenue of ₹193.82 crore and a loss before tax of ₹4.64 crore. Notably, the company has not provided for Electricity Duty and has not recorded impairment for its entire Capital Work in Progress, which would have further increased losses. Additionally, management has reached a settlement agreement involving ₹5.10 crore for a legal dispute, impacting the financial results with ₹4.15 crore categorized as an exceptional item.