New Delhi: JSW lspat Special Products Limited on Tuesday said its standalone net loss has narrowed to Rs 36.85 crore during the quarter ended September. In a BSE filing, the company said it had clocked a loss of Rs 62.06 crore in the same quarter of the preceding 2020-21 fiscal.
The company’s total income during the July-September quarter rose to Rs 1,442.34 crore from Rs 957.84 crore in the year-ago period.
The expenses were at Rs 1,479.19 crore as against Rs 1,019.90 crore a year ago.
In August 2018, a consortium of Mauritius-based Aion Investments Private Limited (AION) and JSW Steel Limited acquired Monnet Ispat and Energy Limited (MIEL) and later renamed it JSW lspat Special Products Limited.
The company operates a 1.5 million tonne per annum (MTPA) integrated steel plant in Raigarh where it manufactures hot rolled plates, rebars, and structure profiles for the infrastructure and construction industry.