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JSW Steel Profit More Than Triples on Strong Demand

JSW Steel’s September-quarter consolidated profit more than tripled, beating analyst expectations. Better volumes, higher steel prices and strong domestic demand boosted earnings.

JSWSTEEL

New Delhi, Oct. 23 -- JSW Steel, India's largest steelmaker by capacity, more than tripled its September-quarter profit and beat analyst expectations on better volumes, higher steel prices and strong domestic demand that helped boost earnings.The Sajjan Jindal-led company reported a consolidated ne…