JSW Steel’s fiscal Q2 profit more than triples to ₹5,279 crore

JSW Steel reported consolidated net profit of ₹5,279 crore for its fiscal second quarter, up 225% from a year earlier, The Economic Times reports. It says saleable steel sales reached a company record 7.46 million tonnes, though shares fell around 3% following the results. Bloomberg reports that profit beat analysts’ expectations and links higher prices to India’s infrastructure buildout.