In an interview with CNBC-TV18, Arvind Parakh, chief financial officer of JSL Stainless spoke about the latest happenings and their future plans.
JSL Stainless has announced its FY11 results. In an interview with CNBC-TV18, Arvind Parakh, CFO, JSL Stainless says, the company will maintain margins at 14-15% going forward.
The RBI on Tuesday raised key interest rates for the ninth time since March 2010 by a larger-than-expected 50 basis points as it battles persistently high inflation. The repo rate, the short-term lending rate, up 50 basis points at 7.25%, while the reverse repo rate, the short-term borrowing rate, up 50 basis points at 6.25%.
SAL Steel and Shah Alloys has refuted rumours of a possible buyout by Jindal Stainless. Speaking to CNBC-TV18, the company's Chairman and MD, Rajendra Shah, said that the stake sale news going around in the market were surprising and shocking.
In an interview with CNBC-TV18, Arvind Parakh, the Director- Finance of JSL Steels talks about the price hikes that many of the steel makers are taking at this point in time.
JSL Stainless has entered into a power purchase agreement with GRIDCO Ltd. In an interview with CNBC-TV18, Arvind Parakh, CFO, JSL Stainless, speaks about the agreement and gives his outlook going forward.