Uttam Galva Third-Quarter Profit Declines to 101 Million Rupees

Uttam Galva Steels Ltd., ArcelorMittal’s Indian unit, reported a 41 percent drop in third-quarter profit, according to a statement to the Bombay Stock Exchange. Sales fell 4.6 percent to 10.4 billion rupees, Uttam Galva said.

To contact the reporter on this story: Abhishek Shanker in Mumbai at ashanker1@bloomberg.net

To contact the editor responsible for this story: Indranil Ghosh at ighosh@bloomberg.net