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09 Feb
00:00

December quarter profit surges 38% for Kalyani Steels

India's Kalyani Steels (KSL) increased revenue 1% year-on-year in the quarter through December to INR 37,529 lakhs ($60.41 million), while net profit surged 38% to INR 2,123 lakhs, Kallanish learns from the company. The producer began in the last quarter to import part of its iron ore requirement after government mine closures resulted in a domestic shortage of the raw material. Compatriot steelmakers JSW Steel and Jindal Steel & Power followed in KS…
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