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JSW Steel has surprised the streets with a smart jump in profits in the September quarter after an initial bearish phase and has announced fresh capex. The growth was largely supported by higher volumes, improved operational efficiency and inventory dilution. Jayant Acharya, Joint Managing Director and CEO, JSW Steel, spoke to businessline on various aspects of business and demand outlook in Q2. Edited excerpts: What led to profits more than tripling in Q2? Demand improved in August and September as the monsoon weakened and public capital expenditure picked up, supporting a recovery in steel prices. Blast Furnace 3 at Vijayanagar…
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