‘Impact of coal shortage on operations in Q2 was minimal’
For Jindal Steel and Power (JSPL), a rising demand for its products in global spot markets has driven its prices and profits in the September quarter. The company is also now extending its slurry pipeline to connect Kasia and planning to add another 3.5 million tonne per annum capacity at Angul, JSPL managing director VR Sharma said. In an interview with FE’s Rajesh Kurup, he also said that the company’s plans to acquire Reliance Naval and Engineering is not in a very active stage. Excerpts:
Due to the monsoons, the second quarter is generally a sluggish quarter for the industry. But JSPL’s net profit nearly tripled. Where did the growth come from?
