Usha Martin to close its Construction Steel Division at Agra

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.