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JSW Steel Records INR 5900 Crore Profit for Apr-Jun 2021 Quarter


26 Jul, 2021, 4:09 am
Indian steel giant JSW Steel Limited has reported strong recovery in April-June 2021 quarter with its quarterly profit surging to highest ever level of INR 5,900 crores
April-June 2021Standalone Performance
Saleable Steel Rolled: Flat - 2.67 million tonnes, down 10% QoQ, up 34% YoY
Saleable Steel Rolled: Long - 0.84 million tonnes, down 17% QoQ, up 83% YoY
Semis - 0.10 million tonnes, up 17% QoQ, down 71% YoY
Total Sales - 3.61 million tonnes, down 11% QoQ, up 29% YoY
Highest ever quarterly Revenue from Operations: INR 25,959 crores
Highest ever quarterly Operating EBITDA: INR 9,491 crores
April-June 2021Consolidated Performance
JSW Steel USA Ohio -0.14 million tonnes crude steel & 0.10 million tonnes sales
Bhushan Power & Steel Ltd - 0.69 million tonnes crude steel & 0.48 million tonnes sales ....

United States , Steel United States Ohio Inc , Bhushan Power Steel Ltd , Ispat Special Products Ltd , Crude Steel , Steel Rolled , United States Ohio , Steel Ltd , Special Products Ltd , Indian Operations , Combined Volumes , Net Profit , Coated Products , United States Ohio Inc , Pipe Mill , Coke Dry Quenching , Blast Furnace , Steel Melt Shop , Coating Line , Woven Plant , Coke Oven , Color Coating Line , Continuous Annealing Line , ஒன்றுபட்டது மாநிலங்களில் , எஃகு ஒன்றுபட்டது மாநிலங்களில் ஓஹியோ இன்க் , பூஷன் பவர் எஃகு லிமிடெட் ,

Standard Chartered Bank pulled up for selling ED-attached London property


Standard Chartered Bank pulled up for selling ED-attached London property
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Synopsis
The authority has held that the British multinational bank acted in “haste” to sell the property that stood provisionally attached by the ED in a ₹47,000 crore bank fraud scandal involving former Bhushan Power & Steel Ltd chairman Sanjay Singhal.
Agencies
The adjudicating authority under the Prevention of Money Laundering Act (PMLA) has disapproved the “hurriedness” in the sale of a London property by Standard Chartered Bank, holding that the transaction was not executed in a “bona fide manner”.
The authority has held that the British multinational bank acted in “haste” to sell the property that stood provisionally attached by the ED in a ₹47,000 crore bank fraud scandal involving former Bhushan Power & Steel Ltd chairman Sanjay Singhal. ....

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