JSPL’s Q1 consolidated loss falls to Rs 420 cr

JSPL’s Q1 consolidated loss falls to Rs 420 cr

112
SHARE

Today:- New Delhi, Aug – The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Tuesday announced a reduction in its consolidated loss to Rs 420.4 crore for the first quarter of the current fiscal ended June on the back of better operational performance.

JSPL had reported a consolidated loss of Rs 1,238 crore for the corresponding quarter of 2016-17.

The company said in a release here that its consolidated total income increased to Rs 6,126.6 crore during the quarter in consideration, from Rs 5,124.7 crore in the same quarter a year ago.

It also said the company has commissioned its 4 million tonne (MT) blast furnace in Angul in Odisha during the ongoing quarter.

“Its production will gradually ramp up and is expected to reach its full potential by the end of the current financial year. Consequently, the volume of steel produced and delivered by JSPL is expected to double its volume of Q1 by the end of this year,” JSPL said.

“Financial year 2018, therefore, is expected to emerge as a turning point for JSPL steel business,” it added.

In the company’s power business, the revenue for the first quarter increased by 62 per cent, compared to the same quarter last year, the statement said.

JSPL stock closed on Tuesday at Rs 139.70 a share, down Rs 3.65, or by 2.55 per cent, on its previous close on the BSE.
IANS

11 COMMENTS

  1. Great website. Plenty of useful information here. I’m sending it to several pals ans additionally sharing in delicious. And of course, thanks for your effort!

  2. Hey very nice website!! Man .. Beautiful .. Amazing .. I’ll bookmark your blog and take the feeds also…I am happy to find a lot of useful information here in the post, we need work out more techniques in this regard, thanks for sharing. . . . . .

  3. Thanks for writing the idea, I bookmarked this website. I am additionally interested in tips around upvc sash windows, are you aware the place where I could come across a thing such as this? I’ll come back in the future!

  4. You have some really good posts and I feel I would be a good asset. I’d love to write some articles for your blog in exchange for a link back to mine. Please blast me an e-mail if interested. Many thanks!

  5. Hey there could you let me know which blogging platform you’re working with? I am going to get started with my personal site on Arvind Pandit Kansas soon although I’m having difficulties deciding.

  6. I just arrived right here from another page about thai lottery number and imagined I should look at this. I like the things I see therefore now I am following you. Getting excited about finding out about the blog yet again.

  7. I’m intrigued to understand just what website platform you have been using? I’m having a few slight security issues with our most recent site dealing with mobile number search and I’d like to find a thing a lot more safe. Have any recommendations?

  8. Howdy! This is my first reply on your site so I simply wanted to give a quick hello and tell you I really enjoy reading through your articles. Can you recommend any other blogs which go over kik sign in? I am as well highly intrigued by that thing! Thanks a lot!

  9. I’m interested to learn which site platform you have been working with? I’m having some small protection problems with our latest site related to real estate agents so I’d love to find a thing more safe. Are there any strategies?

LEAVE A REPLY