BackBhushan Steel Q2 net loss widens at Rs733 cr
However, net sales on a stand-alone basis rose 7.07% annually to `3,173.82 crore during the quarter under review
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New Delhi: Bhushan Steel Ltd on Saturday reported widening of stand-alone net loss to ₹ 732.79 crore for the second quarter ended 30 September. The company had posted a net loss of ₹ 297.19 crore in the year-ago period, it said in a regulatory filing.
However, net sales on a stand-alone basis rose 7.07% annually to ₹ 3,173.82 crore during the quarter under review.
Meanwhile, in a separate filing, Bhushan Steel informed that its board has considered and approved “sale and lease back arrangements of Cock Oven Plant -I and Oxygen Plant -V of the company situated at integrated steel plant, Meramandali Odisha". PTI
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