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Bhushan Steel reports net loss of Rs 297.19 crore in Q2

15 Nov 2014 Evaluate

Bhushan Steel has reported results for second quarter ended September 30, 2014.

The company has posted a net loss of Rs 297.19 crore for the quarter ended September 30, 2014 as compared to a net profit of Rs 60.06 crore for the same quarter in the previous year. However, total income has increased by 30.31% at Rs 2966.55 crore for quarter under review as compared to Rs 2276.60 crore for the quarter ended September 30, 2013.

Bhushan Steel, formerly known as Bhushan Steel & Strips, is one of the leading players in the steel industry with steel making capacity of 2.2 Million Tonnes Per Annum (MTPA).

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