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News Jaiprakash Associates narrows net loss in third quarter

Jaiprakash Associates narrows net loss in third quarter

Written by Global Cement staff 22 January 2018
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India: Jaiprakash Associates has narrowed its loss to US$23m in the third quarter of its financial year from US$171m in the same period in 2016. Despite this its income fell by 30% year-on-year to US$178m from US$258m, according to the Press Trust of India. The company has sold its assets, including a large number cement plants to UltraTech Cement, to reduce debt.

Last modified on 22 January 2018
Published in Global Cement News
Tagged under
  • India
  • Jaiprakash Associates
  • Results
  • UltraTech Cement

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