JSPL expects Australian mining unit to turn the corner from June
Jindal Steel & Power (JSPL) expects its Australian unit Wollongong Resources, which holds two coal mines and has been a drag on the consolidated financials, to become operationally viable from June this year as the company invests in improving production.
The company has no active plans to sell the unit, but it will also not like to take more losses on its account, managing director Bimlendra Jha told ET.
