15
Aug
01:00
Quarterly fiscal loss brings more pain for Bhushan Steel
India’s Bhushan Steel endured more misery last week, when following the arrest of its ceo Neeraj Singhal following a bribery scandal and its shares going into free fall, the company’s first quarter FY15 performance also saw a heavy year-on-year tumble.
In a filing to the Bombay Stock Exchange seen by Kallanish, the company reported a net loss of Rs1416.30 million ($23.3m) for the quarter ended June 30 2014 as compared to a net profit of Rs762.60m…
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Anonymous
Very good overview of the weekly steel market.
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