UPDATE 1-India's SAIL net profit up 28 pct, below f'casts

Newswire

(Adds details, chairman/analyst comments) NEW DELHI, Oct 30 (Reuters) - Steel Authority of India Ltd. , the country's top state-run steel producer, on Monday reported a lower-than-expected rise in quarterly net profit to 14.43 billion rupees ($320.1 million). The 28 percent increase from a year ago fell short of the 31.5 percent predicted in a Reuters' survey of 12 analysts. Net sales for the quarter ending September exceeded expectations at 83.05 billion rupees for about 3 million ...

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