Jindal Steel & Power records highest ever quarterly production and sales in Q3 FY20

Jindal Steel & Power has recorded the highest ever quarterly domestic production of crude steel and related products with a 22% year on year growth in the third quarter ended December 2019, as a result of the strong and consistence performance across all locations, especially in the Angul operations. The total crude steel and related production stood at 1.61 million tonnes, compared to 1.32 million tonnes in the corresponding period last year.

During Q3FY20, JSPL has recorded a growth of 30% in sales at 1.66 million tonnes as against 1.27 million tonnes in the same period last year. Export shipments increased to more than 3 Lakh MT an increase of 213% (Y-o-Y) during Q3FY20.

 

JSIS-Oman also observed highest ever Sales & production during Q3FY20. Steel Sales increased by 27% (Y-o-Y) to 0.572 million MT and Steel Production increased by 10% to 0.502 million MT.

Being the most challenging quarter, where core sector output fell for the fourth straight month to a dip of 1.5% and steel growth rate of -3.4% in Nov 2019, JSPL's demonstrated a robust performance.

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