India's JSW Steel Sees Profit from Ispat Unit in 18-24 Months-Shanghai Metals Market

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India's JSW Steel Sees Profit from Ispat Unit in 18-24 Months

Industry News 04:52:12PM Jul 25, 2012 Source:SMM

MUMBAI, July 25 (Reuters) - India's JSW Steel expects its subsidiary JSW Ispat to turn profitable in the next 18 to 24 months, the company's Chairman Sajjan Jindal said on Wednesday.

"Once we complete the integration of facilities by Sept 2013, we expect the company to turnaround," Jindal told shareholders at the company's annual general meeting.

JSW acquired Ispat Industries in 2010.
 

Key Words:  JSW Steel 

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India's JSW Steel Sees Profit from Ispat Unit in 18-24 Months

Industry News 04:52:12PM Jul 25, 2012 Source:SMM

MUMBAI, July 25 (Reuters) - India's JSW Steel expects its subsidiary JSW Ispat to turn profitable in the next 18 to 24 months, the company's Chairman Sajjan Jindal said on Wednesday.

"Once we complete the integration of facilities by Sept 2013, we expect the company to turnaround," Jindal told shareholders at the company's annual general meeting.

JSW acquired Ispat Industries in 2010.
 

Key Words:  JSW Steel