JSPL Posts record Crude Steel Production in March

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  March 2018 Crude Steel production at 0.45 MT, up by 55%

 

New Delhi : With the recently completed Basic Oxygen Furnace (BOF) at 5 MTPA Integrated Steel plant at Angul going operational, Jindal Steel and Power Limited (JSPL) has posted its lifetime highest monthly crude steel production in the month of March 2018. With a steel production of 0.45 Million Tonnes in March in India, at its integrated steel plants in Raigarh and Angul, JSPL also achieved its highest  ever  quarterly  steel  production  at 1.26  Million  Tonnes in Q4 FY 2017-18. JSPL also posted its highest ever monthly and quarterly sales by achieving 0.45 M in March and 1.18 MT during January — March (Q4) 2018. The figures do not include the crude steel production at Jindal Shadeed, Oman.

“The production figures of  Q4,  and  particularly  during  March  2018  are  an encouraging milestone for our asset sweating roadmap.  With  the  250  MT  Basic Oxygen Furnace (BOF) going operational in end  December  2017,  we  are  in  a position to progressively harness the full capacity levels of our  3.2  MTPA  Bla”st Furnace”, Mr. N.A. Ansari, CEO — Steel, JSPL said. “W’e are looking at surpassing all our performance  records  with  every  passing  quarter  of  FY  2018-19  by  achieving 85°/« plus capacity utilization levels at Angul in 3-4 months time. JSPL is fully geared  up to script a new chapter of growth during FY 2018-19″, he added.

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