Jindal Steel & Power fourth-quarter loss narrows

REUTERS - Jindal Steel and Power said on Tuesday fourth-quarter consolidated loss narrowed, helped by higher revenue primarily from its iron and steel business.

Losses for the quarter ended March 31 narrowed to 1 billion rupees ($15.46 million), from a loss of 6.36 billion rupees a year earlier, the company said. (http://bit.ly/2qRiJkc)

Analysts on average had expected the company to post a loss of 4.39 billion rupees in the March quarter, according to Thomson Reuters data.

Consolidated revenue from its iron and steel business rose 15 percent to 52.61 billion rupees.

($1 = 64.6800 Indian rupees)

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Biju Dwarakanath and Subhranshu Sahu)