JSPL records Q4 net loss of Rs 519 cr

JSPL records Q4 net loss of Rs 519 cr

FPJ BureauUpdated: Saturday, June 01, 2019, 01:26 AM IST
article-image

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.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...