Jindal Steel & Power (JSPL) has hiked TMT bars’ prices by Rs 800-1000/ tonne for May. Moreover, the company has kept other long and flat products' prices unchanged.
Recently, the company posted a fall of 9.76% in its net profit at Rs 430.83 crore for the quarter ended March 31, 2014 as compared to Rs 477.45 crore for the same quarter in the previous year. Total income of the company decreased by 12.15% to Rs 3820.56 crore for quarter under review as compared to Rs 4349.45 crore for the quarter ended March 31, 2013.
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.
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Monday 5 May 2014
JSPL hikes TMT bars’ prices by Rs 800-1000/ tonne
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