Jindal Steel posts drop in Q1 profit on higher expenses, fall in prices – ET Infra

BENGALURU: India‘s Jindal Steel and Power reported a 15% drop in first-quarter profit on Friday, hurt by the rise in expenses and fall in steel prices. The New Delhi-based company’s consolidated profit after tax fell to 16.92 billion rupees ($204.31 million) in the three months ended June 30 from 19.90 billion rupees a year earlier. […]

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