JSPL steel production up 15% in November

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New Delhi :  Jindal Steel & Power Limited (JSPL) on Friday reported 15 per cent growth in Standalone Steel Production with 6,14,000 tonnes in November 2020 as compared to 533,000 tonnes during the same period last year.

Company’s Standalone Sales also rises with 562,000 tonnes in November 2020 as compared to Standalone Sales of 557,000 tonnes in the previous year during the same period.

The export sales contributed to 21% of total sales volumes in November 2020. Company’s exports also grew at a rate of 10% (Y-o-Y) in November 2020.

“Our performance is in line with the India Growth Story, Domestic Steel demand is rising in H2 FY 21 and so JSPL’s production. With domestic markets recovering the company is focusing more on value-added products. We believe the company’s portfolio will witness further strength in the Q3 & Q4 of the financial year” Said VR Sharma, Managing Director,  JSPL in a statement.

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