Team News Riveting
Raipur, November 15
Jindal Steel and Power Limited (JSPL), country’s leading infrastructure Steel company, increased its steel production by 7 per cent year-on-year (Y-o-Y) to 6.24 lakh tonnes in October 2021 compared to 5.85 lakh tonnes during the same period in the previous year.
However, JSPL’s Steel Sales observed a 1 per cent (Y-o-Y) dip at 5.93 lakh tonnes in October 2021 (6.0 lakh tonnes in October 2020). Sales growth lagged production during the month due to lack of rake availability, as the government focused on supplying thermal coal to power plants. Exports accounted for 23 per cent of sales volumes as the Company prioritised domestic demand.
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 (Rs 90,000 crore) across the globe, the Company is continuously scaling its capacity utilization and efficiencies to contribute towards building a self-reliant India.
