JSW Steel profit plunges 71.5% in second quarter

The steelmaker's net sales grew to Rs 7,625.1 crore against Rs 5,712.8 crore in the corresponding quarter last year. Expenditure also grew from Rs 5,116.2 crore to Rs 6,739.9 crore. The company reported a foreign exchange loss of Rs 512.98 crore in the July-September quarter.

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