"Cost inflation is also a concern in the near term as petcoke, coal, and diesel prices are up 71 per cent, 4 per cent, and 26 per cent YoY, respectively."
The company has reported an EBITDA of Rs 239.31 crore and net profit of Rs 70.30 crore as against Rs 250.01 crore and Rs 110.31 crore reported respectively in the corresponding quarter.
Reliance said it has completed fundraising from selling minority stakes in Jio Platforms Ltd -- the unit that holds telecom and digital businesses, and Reliance Retail to global investors.
DoT said that the process for spectrum allocation for 4G services to BSNL on pan-India basis, including Delhi and Mumbai, has been initiated and funds have been provisioned in FY2020-21
"Such companies are likely to have reduced cost of steel production by around Rs 1,800 per tonne YoY in 2HFY21, supported by the reduced cost of coking coal per tonne of around Rs 7,300," Ind-Ra said in a report.
The company’s revenue for the first half of the fiscal went up to Rs 2,113 crore, up 67 per cent Y-o-Y, while net profit jumped 475 per cent to Rs 414 crore Y-o-Y.
