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BRIEF-Jindal Steel & Power March-qtr consol net loss narrows

Published 04/05/2016, 10:06 pm
Updated 04/05/2016, 10:10 pm
© Reuters.  BRIEF-Jindal Steel & Power March-qtr consol net loss narrows
JNSP
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May 4 (Reuters) - Jindal Steel And Power Ltd JNSP.NS :

* March-quarter consol net loss 3.71 billion rupees versus net loss 5.19

billion rupees year ago

* India's Jindal Steel And Power - March-quarter consol net sales 49.48 billion

rupees versus 46.64 billion rupees year ago

* Jindal Power Ltd plans to recommence mining operations at Wongawilli in Q1 FY

2017

* In power business, co expects demand to pick up, both in short term & long

term markets

* JSPL's endeavor for the year FY17 would be to fully utilize its

consolidated capacities of 6.75MTPA in steel

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