Friday, 22nd July,
India’s largest iron ore exporter Sesa Goa expects sales volume to slow down to 15-16% in the current fiscal year as exports remain suspended from its operations in the southern state of Karnataka.
“While the ban on exports has been lifted, the Karnataka government is not issuing permits for shipments,”
Earlier this year, the company had forecast volume growth of up to 20 percent for the year ending next March.
Sesa said net profit on late Thursday fell 35 percent in the June quarter profit in the absence of exports from Karnataka.
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