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BRIEF-India's Jindal Steel and Power March-qtr consol loss narrows
May 23, 2017 / 8:26 AM / 6 months ago

BRIEF-India's Jindal Steel and Power March-qtr consol loss narrows

May 23 (Reuters) - Jindal Steel And Power Ltd

* March quarter consol net loss 1 billion rupees

* Consensus forecast for march quarter consol loss was 4.39 billion rupees

* March quarter consol total revenue from operations 67.56 billion rupees

* Consol net loss in march quarter last year was 6.36 billion rupees as per Ind-AS; consol total revenue from operations was 54.42 billion rupees

* Says overall domestic consumption of steel in India could strengthen to 6-7 percent growth in FY18

* Says co aiming to increase steel production by about 50 percent during FY18

* Co is looking to ramp up production steadily from Angul Complex; also looking to better costs of production

* Says co aiming to export over 1 million tonne of steel and export 2 million tonnes of pellets in new financial year

* Co will be commissioning basic oxygen furnace by october 2017 at Angul Source text - (bit.ly/2qRiJkc) Further company coverage:

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