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JSW Steel Q3 Results: Profit slumps 70% to Rs 719 crore on weak prices of steel

JSW Steel Ltd’s profit slumped 70% on year to Rs 719 crore in the December quarter as weak prices of steel weighed on earnings, even as the steel-maker’s production was at an all-time high during the quarter.

The bottomline was also impacted by an exceptional loss of Rs 103 crore.

The flagship…

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