Nagpur: Jayaswal Neco Industries Ltd, a Nagpur-based steelmaker, reported a net profit of Rs 229.81 crore for the quarter ended Sept 30, against Rs 105.13 crore in the same quarter a year earlier. The company said in a filing to the stock exchanges on Friday that its board approved the unaudited results for the quarter and half year.
The filing noted that on Oct 1, after the quarter ended, the company allotted 2,24,39,134 warrants, each carrying a right to subscribe to one equity share of face value Rs 10, at Rs 89.13 each, to a private firm on a preferential basis. The issue aggregates Rs 200 crore, and the warrants may be exercised in one or more tranches within 18 months of allotment. The company received 25% of the consideration, Rs 50 crore, during the quarter.
You Can Also Check: Gold Rate in Nagpur | Silver Rate in Nagpur | Bank Holidays in Nagpur | Public Holidays in Nagpur | Petrol Price in Nagpur | Diesel Price in Nagpur | CNG Price in Nagpur | LPG Price in Nagpur