Jindal Stainless has reported results for the second quarter ended September 30, 2013.
The company has reported a net loss of Rs 411.97 crore for the quarter as compared to a net loss of Rs 152.26 crore for the same quarter in the previous year. However, total income of the company has increased by 47.24% at Rs 3038.79 crore for quarter under review as compared to Rs 2063.86 crore for the quarter ended September 30, 2012.
Jindal Stainless manufactures stainless steel slabs, blooms, hot rolled and cold rolled coils, 60% of which are exported worldwide. It has a stainless steel making facility at Hissar and a ferro alloy plant at Vizag.
