AMNS acquired Essar Steel by paying Rs 50,000 crore in December 2019 following an order by the Supreme Court.
The billionaire NRI Laxmi Mittal-led company had clocked a net profit of USD 1.016 billion in the corresponding quarter a year ago, it said in a statement.
Amid loud cheers from hundreds of his fans, Bollywood megastar Amitabh Bachchan today carried the Olympic torch at Southwark here, a day before the opening ceremony of the sporting spectacle.
Sajjan Jindal’s Ispat deal is the biggest consolidation move in the Indian steel industry. His next challenge: Make the company profitable in a year