 "JSPL clocks highest-ever quarterly standalone sales of 1.93 mn tonnes in Q2")
Jindal Steel and Power Ltd (JSPL) recorded 30 per cent year-on-year growth in consolidated steel sales of 2.41 million tonnes in the second quarter of current financial year as compared to 1.85 million tonnes in Q2 FY20.
The company also reported 18 per cent y-o-y growth in consolidated steel production with 2.35 million tonnes in Q2 FY21 as compared to 1.99 million tonnes in Q2 FY20.
With the revival of domestic steel demand, JSPL recorded 29 per cent y-o-y growth in standalone steel sales with 1.93 million tonnes Q2 FY21 as compared to 1.49 million tonnes in Q2 FY20.
The company also reported a 16 pr cent rise in y-o-y standalone steel production with 1.84 million tonnes in Q2 FY21 as compared to 1.58 million tonnes in Q2 FY20.
Steel exports contributed to 38 per cent of the total sales volumes with 0.74 million tonnes. JSPL's Barbil pellet plant recorded the highest ever quarterly production of 2.01 million tonnes in Q2 FY21.
"We are ramping up sales and production as India comes out of the lockdown effect and ramps up its economic activities towards a renewed growth path," said Managing Director V R Sharma in a statement on Tuesday.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app