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Losses narrow at Jindal Steel and Power


REUTERS - Jindal Steel and Power Ltd, one of India's biggest steelmakers, said its first-quarter loss narrowed from a year ago, helped by higher revenue from its iron and steel business.It reported a loss of 3.87 billion rupees ($61 million) for the April-June quarter, compared with a loss of 10.82 billion rupees a year earlier. ( on average had expected the steelmaker to make a loss of 4.33 billion rupees in the first quarter of this financial year, according to Thomson Reuters data.($1 = 63.6370 Indian rupees) (Reporting by Krishna V Kurup in BENGALURU; Editing ...

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First Published: Tue, August 08 2017. 17:55 IST