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Usha Martin to close its Construction Steel Division at Agra

27 May 2014 Evaluate

Usha Martin has decided to close down its Construction Steel Division at Agra. Meanwhile, the company has reported a net loss of Rs 30.57 crore for the quarter ended March 31, 2014 as compared to a net profit of Rs 9 crore for the same quarter in the previous year.

Usha Martin is a major manufacturer of wire rods, bright bars, steel wires, speciality wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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