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IN - Hinduja Foundries posts loss

Hinduja Foundries, part of the Hinduja group, has reported a net loss of Rs 10.10 crore for the third quarter ended December 31, 2008 as against the net profit of Rs 1.13 crore during the same quarter last fiscal. The net sales too declined sharply to Rs 57.98 crore as compared to Rs 106.45 crore during the corresponding quarter of previous year, the company informed the stock exchanges on Thursday.

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