Breaking News

You are here » Indian-Commodity  :  Corporate  :  Bhushan Steel turns black in Q1FY19

10-Aug2018

Bhushan Steel turns black in Q1FY19

Bhushan Steel has reported results for first quarter ended June 30, 2018.

The company has reported a net profit at Rs 2,104.30 crore for the quarter under review as against net loss of Rs 1,486.13 crore for the same quarter in the previous year. Total income of the company increased by 10.73% at Rs 4,646.15 crore for Q1FY19 as compared Rs 4,196.10 crore for the corresponding quarter previous year.

Bhushan Steel is one of the prominent players in the Indian Steel industry. Backed with more than 27 years of experience, the company is India's 3rd largest Secondary Steel Producing Company with an existing steel production capacity of 5.6 million ton per annum.


Related News

View all news

TPG Capital planning to invest in Jet Airways: Report

TPG Capital is reportedly planning to invest in Jet Airways India. TPG Capital may invest more than $100 million, but the size of the stake dilution and investment are not finalized. TPG Capital is......

Azura Projects buys 5.16 lakh shares in Khemani Distributors

Azura Projects has bought 5.16 lakh shares in Khemani Distributors & Marketing at Rs 195 per share on the BSE on August 20, 2018. However, Onyx Partners has offloaded 5.16 lakh shares in the company......

SpiceJet reports passenger load factor of 93.8% in July

SpiceJet has reported the Passenger Load Factor (PLF) of 93.8% during the month of July 2018. The company had reported Passenger Load Factor of 93.3% during the month of June 2018.The PLF is a key indicator......

Top News

View all news

CG Power's JV inaugurates HV, EHV factory in Indonesia

CG Power and Industrial Solutions' (CG) joint venture (JV) PT CPSI has inaugurated Indonesia's first High Voltage (HV) and Extra High Voltage (EHV) factory at the Modern Cikande Industrial Estate, Banten......

MCX inks MoU with Indian Cotton Federation: Report

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration......

RIL's telecom arm tops Fortune's 'Change the World' list

Reliance Industries' (RIL) telecom arm -- Reliance Jio -- has ranked as the top company globally on Fortune's 'Change the World' list that ranked companies using the profit motive to tackle social problems......