JSPL FY20 crude steel output grows 12 pc to 8.17 MT

Jindal Steel and Power Ltd (JSPL) on Friday said its annual crude steel production and sales figure for the fiscal year ended March 31, 2020 stood at 8.17 million tonne (MT) and 7.92 MT, respectively.

In 2018-19 fiscal, the consolidated steel production of the company stood at 7.30 MT, while, sales were at 7.22 MT, JSPL said in a statement.

According to JSPL, this is the "highest annual crude steel production and sales figure".

During fiscal year 2019-20, JSPL registered a growth of 12 per cent in output, while the sales have registered a rise of 10 per cent.

In Oman,the company's subsidiary Jindal Shadeed Iron and Steel (JSIS), produced 1.87 MT steel, up 9 per cent, and sales were at 1.88 MT, higher by 4 per cent.

The company further said it operates the country's only private sector rail mill at Raigarh plant.

The rail mill has clocked record production of 5.7 lakh tonne during financial year 2019-20. The plate mill in Raigarh has also achieved ever highestproduction at 9.47 lakh tonnes during theFY20, it said.

"India'slargest blast furnace at Angulcontinues to produce more than 10,000tonne/day of hot metal... Oman operation has also shown anincredibleperformance. The EAF (electric arc furnace)in Oman has produced 2,02,110 tonnesof steel inone month, which is again a record for the plant," JSPL Managing Director V R Sharma said.