Team News Riveting
Jindal Steel and Power Limited (JSPL), an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors, had recorded highest ever Production & Sales in December 2020.
The company led by Naveen Jindal reported its highest ever monthly production volumes with 7.27 lakh tonnes during December 2020, recording a 30.05 per cent year-on-year (Y-o-Y) rise from 5.59 lakh tonnes in December 2019.
On a month-on-month (M-o-M) basis, production soared 18.40 per cent in December 2020 from 6.14 lakh tonnes in November 2020.
The record production surged JSPL share by 5.35 per cent to Rs 284.60 before the closing bell.
On a Y-o-Y basis, sales surged 25.39 per cent to 7.11 lakh tonnes in December 2020 compared with 5.67 lakh tonnes in December 2019. On an M-o-M basis, sales jumped 25.84 per cent in December 2020 from 5.65 lakh tonnes in November 2020.
JSPL’s integrated steel plant in Angul reported the highest ever monthly production to 4.16 lakh tonnes while JSPL’s Raigarh steel plant also reported the highest monthly production to 3.11 lakh tonnes. JSPL also reported the highest ever monthly sales of 7.11 lakh tonnes in December 2020.
The company posted a record standalone steel production of 19.26 lakh tonnes in Q3 FY21 compared to 16.10 lakh tonnes in Q3 FY20. JSPL’s standalone steel sales also increased by 12 per cent year-on-year (Y-o-Y) to 18.76 lakh tonnes in Q3 FY21 compared to 16.71 lakh tonnes in Q3 FY20.
JSPL’s Steel exports increased by 18 per cent (Y-o-Y) to 3.87 lakh tonnes in Q3 FY21 contributing 21 per cent to the total sales volumes.
“We are proud of our dedicated workforce who achieved such an extraordinary increase in the production with existing capacity by way of optimizing various operating parameters without any Capex. We will achieve even greater heights in times to come,” V R Sharma, Managing Director of JSPL, said.
