JSPL Q1 profit at Rs 501 cr

Jindal Steel and Power (JSPL) on Tuesday reported consolidated net profit of Rs 501.26 crore during April-June. In the first quarter of 2013-14, the company promoted by politician-cum-businessman Naveen Jindal reported 18 per cent higher sale of steel products at 664,801 million tonne (561,337 mt). For Jindal Power Ltd, a subsidiary of JSPL, the profit after tax in the first quarter stood atRs 321.65 crore. It generated 2,184 million units and operated the power stations at 100.01 per cent plant load factor.