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Jindal Steel & Power records 13% growth in steel production in October

Capital Market 

Jindal Steel & Power reports growth in its Standalone Steel Production and Sales during October 2020. The company recorded a 13% growth (Y-o-Y) in Standalone Steel Production with 585,000 metric tons in October 2020 as compared to 518,000 metric tons in the previous year during the same period. Company's Standalone Sales rose by 10% (Y-o-Y) in October 2020 with 600,000 metric tons as compared to Standalone Sales of 547,000 metric tons in the previous year during the same period.

The export sales contributed to 28% of total sales volumes in October 2020.

Company's exports also grew at a rate of 37% (Y-o-Y) in October 2020. The Company reports Ever Highest Pellet production of 701,500 MT in October 2020. JSPL also reports Ever Highest wire rod production of 49,062 MT in October 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, November 21 2020. 10:24 IST