|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
Praising the Union Budget 2013 as a prudent, positive and investment-oriented one, Steel Authority of India (SAIL) chairman C.S.Verma said the measures will help the public sector steel giant greatly.
"The Budget proposes, capital allowance of 15 % on investment in plant and machinery of more than Rs. 100 crore, till March'15, which will attract new investments and facilitate implementation of projects.
"As many of our projects are likely to be capitalized shortly, this would be beneficial to SAIL," said Verma.