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JSW Steel slips into red at Rs 669 cr

Monday 14th Nov 2011 1249

JSW Steel slips into red at Rs 669 cr

Mumbai : Steel manufacturer JSW Steel slipped into a net loss of Rs 669.3 crore for the second quarter ended September 2011. In the year ago period, the company posted a net profit of Rs 373.2 crore.

However, total income increased 33.3% to Rs 818 crore from Rs 613.5 crore in September 2010.

During the July-September quarter of current fiscal, JSW Steel incurred a notional forex loss of Rs 514 crore.

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