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Jindal Steel & Power second-quarter loss narrows


(Reuters) - Jindal Steel and Power Ltd reported a smaller-than-expected quarterly loss, helped by higher revenue from its iron and steel business.The steelmaker reported a loss of 4.48 billion rupees ($69.00 million) for the quarter ended Sept. 30, compared with a loss of 7.46 billion rupees a year earlier, the company said on Thursday. on average had expected the company to post a loss of 4.84 billion rupees, according to Thomson Reuters Eikon data.Revenue from its iron and steel segment rose about 25 percent to 49.97 billion rupees.($1 = 64.9300 Indian rupees) ...

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First Published: Thu, November 09 2017. 17:49 IST