JSPL reports 13% rise in domestic Steel output in FY20

New Delhi: Amid slowdown in the economy and Corona related disruptions, Jindal Steel & Power Limited (JSPL) has reported 12% (YoY) rise in its consolidated crude steel output at 8.12 million tonnes (MT). While its domestic steel production rose by 13% to 6.30 MT, its Oman steel production rose by 9% to 1.87 MT. During the fiscal the company has achieved the highest ever 3 MTPA output figure at its Angul plant.

Meanwhile, the Company’s consolidated sales has increased by 10% to 7.92 MT on healthy domestic sales growth. The domestic sales of the company rose by 12% to 6.04 MT. JSIS Oman sales also rose by 4% to 1.88 MT.

The Naveen Jindal controlled company operates India’s only private sector Rail mill, which has also received approval from RDSO recently for the supply of extremely sophisticated Head Hardened Rail (1080HH Grade). The rail mill clocked a record production of 5.7 Lakh tonnes during FY 20. JSPL’s Plate Mill at Raigarh also achieved ever highest production at 9.47 lakh tonnes during the FY20 by surpassing the previous best 8.40 lakh tonnes during FY 18-19.

“The 3.00 MTPA figure from the newly installed Angul plant was a dream, which comes true now. Raigarh has already done this miracle twice earlier. India’s largest Blast furnace at Angul continue to produce more than 10000 MT/day of hot metal and World only SynGas based DRI Plant is running well, which will lead to creating new records in future. Oman has also shown incredible performance. The EAF in Oman has produced 2,02,110 tonnes of steel in one month, which is again a record for the plant of its kind. We will aim to do much more in this new financial year.” Said VR Sharma, Managing Director- JSPL.