Jindal Steel And Power Ltd (JNSP.BO)
** Jindal Steel and Power's shares gain as much as 2.3 pct at 142.70 rupees
Jindal Steel and Power Ltd, one of India's biggest steelmakers, beat estimates with a narrower first-quarter loss, boosted by higher revenue from its iron and steel business.
* Q1 results beat analysts' estimates (Adds details, background)
Aug 8 Jindal Steel and Power Ltd, one of India's biggest steelmakers, said its first-quarter loss narrowed from a year ago, helped by higher revenue from its iron and steel business.
* June quarter consol net loss 3.87 billion rupees versus loss of 10.82 billion rupees last year
SINGAPORE, July 3 (IFR) - Flows into credit mutual funds are surging in India, providing a welcome fillip to lower-rated borrowers while exposing investors to higher risks at a time of rising bad debts.
* Says coal linkages secured for a 5 year duration Source text for Eikon: Further company coverage:
Jindal Steel and Power plans to increase its total steel capacity by as much as 50 percent this fiscal year and turn profitable by 2018/19, its chief executive said, after the company showed its losses narrowing in the fourth quarter.
May 23 Jindal Steel and Power said on Tuesday fourth-quarter consolidated loss narrowed, helped by higher revenue primarily from its iron and steel business.
* Consensus forecast for march quarter consol loss was 4.39 billion rupees