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Net Loss of JSW Ispat Special Products reported to Rs 53.23 crore in the quarter ended June 2023 as against net loss of Rs 105.35 crore during the previous quarter ended June 2022. Sales rose 0.68% to Rs 1665.56 crore in the quarter ended June 2023 as against Rs 1654.38 crore during the previous quarter ended June 2022.

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JSW Ispat Special Products will hold a meeting of the Board of Directors of the Company on 18 July 2023.

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JSW Ispat Special Products achieved crude steel production of 1.84 lakh tonnes in Q1 FY24 compared to 1.83 lakh tonnes in Q4 FY23, recording a growth of 1% on QoQ basis. The company's crude steel production rose 74% on YoY basis.

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Sequentially, the company's crude steel production declined 1% as against 1.83 lakh tonnes produced in Q4 FY23.

JSW Ispat Special Products, in August 2018, was acquired jointly by a consortium of AION Investments Private Limited (AION) and JSW Steel Limited through corporate insolvency resolution process (CIRP) as per Insolvency and Bankruptcy Code 2016 (IBC). JISPL has integrated steel unit at Raigarh and a steel unit in Raipur, both these units are located in State of Chhattisgarh.

The company's consolidated net profit tumbled 82.4% to Rs 0.58 crore on 2.8% fall in net sales to Rs 1,630.68 crore in Q4 FY23 over Q4 FY22.

Shares of JSW Ispat Special Products were up 0.31% to Rs 35.38 on the BSE.

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