Jindal Steel reports narrower quarterly loss

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Reuters
Last Updated : Feb 03 2019 | 6:45 PM IST

(Reuters) - Jindal Steel and Power Ltd reported a narrower third-quarter loss, helped by stronger revenue from its key product segments that include hot-rolled coils, sheets and plates.

The loss came in at 24.05 million rupees ($336,740) for the third quarter ended Dec. 31, compared with a loss of 2.66 billion rupees a year earlier, the steel producer said in a statement.

($1 = 71.4200 Indian rupees)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Susan Fenton)

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First Published: Feb 03 2019 | 6:36 PM IST

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