Business Standard

Jindal Steel reports narrower quarterly loss

Image

Reuters

(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)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News