New Delhi: Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) reported a consolidated net loss of Rs 519.30 crore for the quarter ended March 31, 2015 due to subdued demand and cheaper imports of the metal. The firm has posted a net profit of Rs 402.50 crore in the year-ago period, it said in a BSE filing. Consolidated total income also fell by 7.6 per cent to Rs 4,525.59 crore in January-March quarter of last fiscal from Rs 4,898.48 crore in the same quarter of 2013-14. In a separate filing, JSPL said its Board of Directors have “… approved issuance of Non-Convertible Debentures up to Rs 10,000 crore”. It also said “… approved issuance of further securities up to Rs 5,000 crore”. It is subject to shareholder approval, it added. During the January-March 2014-15 quarter, JSPL’s crude steel production rose by 45 per cent to 1.1 million tonne (MT) compared to the same quarter of 2013-14. Production of sponge iron rose by 18 per cent to 0.87 MT, while steel sales were up 23 per cent to 0.95 MT during the same period.