06
Nov
13:13
JSPL profitability suffers, improves coal self-sufficiency
Jindal Steel & Power (JSPL) expects to benefit from Indian government infrastructure spending and increased construction activity in the near term. The firm was the highest bidder at auction for the 6 million tonnes/year Gare IV/1 coal Block, which it says will increase its coal self-sufficiency and reduce Indian coal imports.
Thanks to government cuts in corporate tax and increased infrastructure spending, Indian steel demand in the second half of the fisca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous