Jindal Steel and Power (JSPL) is reportedly planning to increase its total steel capacity by as much as 50% this fiscal year and turn profitable by 2018/19. Further, the company has reported a net loss of Rs 100 crore for the quarter ended March 31, 2017, as compared to a net loss of Rs 635.8 crore for the same quarter in the previous year. The company’s consolidated total income during January-March period increased to Rs 6,765.07 crore, over Rs 5,549.84 crore in the corresponding quarter of previous fiscal.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
Company Name | CMP |
---|---|
Jindal Steel & Power | 922.65 |
Jai Balaji Inds | 972.00 |
Lloyds Metals&Energy | 684.95 |
Steel Exchange India | 14.09 |
KIC Metalik | 52.01 |
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