23
Jul
09:39
JSPL reduces revenue but turns to profit
Jindal Steel & Power (JSPL) reported a -7% on-year decline in net revenue in the June quarter to INR 9,741 crores ($1.3 billion), but it turned to a profit after tax of INR 268 crores versus a loss a year earlier of INR 87 crores.
“The quarter ending June 2020 may have been challenging, particularly for the Steel & Power Sector, as the world was reeling from a pandemic-induced recession and lockdowns to check the spread of Covid-19, but JSPL held its…
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Anonymous
Very good overview of the weekly steel market.
Anonymous