 "Jindal stainless, steel, imports")
The consolidated net loss of Jindal Steel & Power Ltd for the quarter ended December 31, 2016 shrunk by more than half to Rs 407.44 crore on higher volumes, better price realisations and reduced costs.
The company had posted a net loss of Rs 869.73 crore in the corresponding quarter of the previous financial year (2015-16).
Total Income increased to Rs 5,407.87 crore for the quarter ended December 31, 2016, as compared to Rs 4,336.05 crore in the same period, last financial year.
“We made an effort to cut our conversion and material costs, and also reduced our overheads,” Ravi
