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Jindal Steel to return to profit by end of FY18: CEO Ravi Uppal
24-May-2017

Jindal Steel and Power Ltd (JSPL) is likely to return to profitability by the end of the current fiscal, managing director and group chief executive Ravi Uppal said in a phone interview on Tuesday.Uppal said the firm plans to increase its steel production by 50% in the current fiscal year. “We are on the strong road to recovery, and in FY18 we should be able to come with net positive number for PAT (profit after tax),” he said.On Tuesday, JSPL reported its 10th straight quarterly loss.

News Source:- http://www.livemint.com/Companies/IhPUrf7Yajz3cmTzR4zr3M/Jindal-Steel-Q4-net-loss-narrows-to-Rs-100-crore.html