Jindal Steel and Power (JSPL) outperformed its peers on the bourses, gaining over 46 per cent since its lows in September. The gains come at a time when the operating environment remains challenging.
Steel players are witnessing demand pressure, which is impacting realisations and in turn profitability. JSPL, however, continues to stand out as expansions at its Angul plant are driving volumes, helping it gain economies of scale and higher margins. The quarter gone by saw the company report volume growth of 3.9 per cent year-on-year, even as domestic operations of other steel majors ...
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Steel players are witnessing demand pressure, which is impacting realisations and in turn profitability. JSPL, however, continues to stand out as expansions at its Angul plant are driving volumes, helping it gain economies of scale and higher margins. The quarter gone by saw the company report volume growth of 3.9 per cent year-on-year, even as domestic operations of other steel majors ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 149 A MONTH
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
MONTHLY STAR
Business Standard Digital +
SMART MONTHLY
Business Standard Digital
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