A strong steel cycle, backed by measures taken by JSW Steel, is set to power Bhushan Power & Steel to its best financial performance in FY22.
Seshagiri Rao, joint managing director and group chief financial officer, JSW Steel, confirmed that BPSL would post its best financial performance in this fiscal. “BPSL will do well. We are able to operate at 100 per cent capacity,” he said.
In the nine months ended December 31, 2021, Bhushan Power & Steel (BPSL) recorded an EBITDA of around Rs 4,850 crore and profit after tax (PAT) of Rs 3,200 crore. Profits in Q3FY22 were lower compared to the previous quarter with a slowdown in steel demand and higher input cost, but EBITDA per tonne