Jindal Steel and Power September quarter net loss widens to Rs 706 crore
Jindal Steel and Power Ltd (JSPL) on Friday said its total loss on a consolidated basis widened to Rs 706.49 crore for the quarter to September 2020.
Its total consolidated loss was Rs 399.31 crore in the corresponding year-ago period, JSPL said in a filing to BSE.
Total income of the company on a consolidated basis in July-September increased to Rs 9,137.43 crore from Rs 7,688.62 crore a year ago.
In a statement, the company said the quarter ended September 2020 went well for the entire steel industry in India with utilisation levels increasing and domestic demand coming back as the lockdowns eased and business normalised across the country.
