Tuesday, July 28, 2009

Ispat Industries incurs loss of Rs 214.9 cr in Q1

  • Iron and steel producer Ispat Industries Ltd, promoted by Vinod Mittal, on Saturday announced a net loss of Rs 214.92 crore in the first quarter ended June 30, 2009.
  • It had earned a net profit of Rs 28.73 crore in the same period last fiscal, Ispat Industries said in a filing with the Bombay Stock Exchange.
  • Total income of the Kolkata-based company decreased to Rs 1,399.68 crore for the quarter under review from Rs 2,875.78 in the same period previous fiscal.
  • The company manufactures direct reduced iron, hot rolled coils, pig iron/hot metal, cold rolled/galvanized coils/sheets and colour coated sheets.

****

No comments:

Post a Comment