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Friday, November 11, 2011

JSW Energy not bidding for New Hope coal assets - Report

Friday, 11 Nov 2011

Power utility JSW Energy is not looking to bid for Australia's New Hope coal assets, but declined to comment for other group firms.

Mr Lalit Kumar Gupta joint MD & CEO told reporters that the company expects to swing back to profit in the current quarter on back of coal prices correcting and tariff hikes.

Earlier, the firm posted a net loss of INR 1.09 billion for July-Sept quarter.

(Sourced from Reuters)

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