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Sanjeev Gupta’s InfraBuild slumps to loss as it props up ailing GFG empire

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Sanjeev Gupta’s InfraBuild slumps to loss as it props up ailing GFG empire

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login British industrialist Sanjeev Gupta has

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British industrialist Sanjeev Gupta has been handed $6 million by his Australian steel business InfraBuild, despite the company slumping to a loss in the last financial year amid a surge in cheap Chinese steel exports.

Confidential documents obtained by The Australian Financial Review show that the company – which traces its roots back to the steel empires run by BHP and the Smorgon family – slumped to an $18.6 million loss in the 12 months ended June 30, compared with a $239.6 million profit last year.

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