Steel Exchange India Sees Multi-Fold Profit Boost Amid Strategic Contract Wins
Steel Exchange India Ltd reported significant profit growth to Rs 10.23 crore in the June quarter, propelled by increased income and strategic contracts, including a Rs 210 crore deal with state-owned RINL. The company's strong performance underscores the ongoing expansion of its integrated steel plant operations.
- Country:
- India
Steel Exchange India Ltd has reported a remarkable rise in net profit, achieving Rs 10.23 crore in the June quarter, significantly higher than its previous earnings.
The company's total income surged to Rs 304.95 crore, reflecting a 14.53% increase from the same period last year, highlighting its robust financial health.
A major factor in this success is a lucrative Rs 210 crore contract from Rashtriya Ispat Nigam Ltd for converting billets to TMT rebars, showcasing Steel Exchange India's strategic growth initiatives.
(With inputs from agencies.)
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