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Jindal Steel and Power narrows June-quarter loss, beats estimates

Reuters 

REUTERS - Jindal Steel and Power Ltd, one of India's biggest steelmakers, beat estimates with a narrower first-quarter loss, boosted by higher revenue from its iron and steel business.Revenue from Jindal's iron and steel segment rose about 26 percent to 47.13 billion rupees ($740.61 million). The Delhi-based steelmaker reported a loss of 3.87 billion rupees for the April-June quarter, compared with a loss of 10.82 billion rupees a year earlier. (http://bit.ly/2vB7C3W)The company, has posted losses for at least the last 10 quarters, said in May it expected to swing into profit by 2018/19, ...

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First Published: Tue, August 08 2017. 18:24 IST
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