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FY12 volume growth to slip to 15-16%: Sesa Goa

FY12 volume growth to slip to 15-16%: Sesa Goa
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First Published: Fri, Jul 22 2011. 09 40 AM IST
Updated: Fri, Jul 22 2011. 09 40 AM IST
Mumbai: Sesa Goa, India’s largest iron ore exporter, expects sales volume to slow down to 15 to 16% in the current fiscal year as exports remain suspended from its operations in the Karnataka, its managing director said on Friday.
“While the ban on exports has been lifted, the Karnataka government is not issuing permits for shipmenst,” Prasun Mukherjee said on a conference call to investors.
Earlier this year, the company had forecast volume growth of up to 20% for the year ending next March.
Sesa said late on Thursday its net profit fell 35% in the June quarter profit in the absence of exports from Karnataka.
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First Published: Fri, Jul 22 2011. 09 40 AM IST
More Topics: Sesa Goa | Iron ore | Exporter | Karnataka | Profit |