Team News Riveting
Raipur, March 12
Jindal Steel and Power Limited (JSPL), a part diversified Jindal Group conglomerate, continued to report strong production and sales in February 2021.
Steel production increased by 18 per cent y-o-y (year-on-year) to 6.53 lakh tonne as compared to 5.54 lakh tonne in the previous year. The company also reported a 14 per cent y-o-y growth in shipments to 5.45 lakh tonne as compared to 4.80 lakh tonnes in the previous year.
While shipments were 6 per cent lower m-o-m (month-on-month), on a per day basis, shipments were 4 per cent higher m-o-m. Exports accounted for 26 per cent of the total sales volumes.
“We are on our path of continuous growth month after month and will enhance production further without any new CAPEX in this financial year,” said VR Sharma, Managing Director of the JSPL.
JSPL is a leading Indian Infrastructure Conglomerate with a presence in the Steel, Power, and Mining sectors. With an investment of approximately 12 billion USD (90,000 Crore Rupees) across the globe, the Company is continuously scaling its capacity utilization and efficiencies to contribute towards building a self-reliant India.
