City
Epaper

JSPL clocks 13 pc rise in FY20 domestic steel production at 6.3 million tonnes

By ANI | Updated: April 3, 2020 13:15 IST

Jindal Steel and Power Ltd (JSPL) said on Friday its domestic steel production totalled 6.3 million tonnes in 2019-20, up 13 per cent from 5.59 million tonnes in the previous fiscal.

Open in App

New Delhi [India], April 3 : Jindal Steel and Power Ltd (JSPL) said on Friday its domestic steel production totalled 6.3 million tonnes in 2019-20, up 13 per cent from 5.59 million tonnes in the previous fiscal.

The production at JSIS Oman too moved up by 9 per cent from 1.71 million tonnes to 1.87 per cent in the same period.

While domestic sales jumped 12 per cent to 6.04 million tonnes in FY20 from 5.41 per cent in FY19, sales at JSIS Oman moved up 4 per cent to 1.88 million tonnes from 1.81 million tonnes.

"It is truly a splendid achievement," said JSPL Managing Director V R Sharma. "The 3 million tonnes per annum figure from the newly-installed Angul plant was a dream which comes true now. Raigarh has already done this miracle twice earlier."

Sharma said India's largest blast furnace at Angul in Odisha continues to produce more than 10,000 tonnes per day of hot metal and the world's only synthesis gas-based direct reduced iron (DRI) plant is running well, which will lead to creating new records in future.

"Oman has also shown an incredible performance," he said. "The electric arc furnace in Oman has produced 2.02 lakh tonnes of steel in one month which is a record for the plant of its kind. We will aim to do much more in this new financial year."

JSPL operates India's only private sector rail mill at Raigarh in Chhattisgarh which clocked a record production of 5.7 lakh tonnes in FY20. It recently got approval from the Research Designs and Standards Orgsation for the supply of head hardened rail (1080HH grade).

The plate mill in Raigarh also achieved highest-ever production at 9.47 lakh tonnes and surpassed its previous record of 8.4 lakh tonnes in 2018-19.

( With inputs from ANI )

Tags: New DelhiAngulJsplJindal Steel And Power Ltd
Open in App

Related Stories

NationalDelhi: 8 Accused in Vehicle Theft Cases Arrested During Police Patrolling, Stolen Scooters and Bikes Recovered

NationalOdisha Vigilance Recovers Rs 2.1 Crore Cash From Chief Engineer Sarangi’s Residences in Bhubaneswar and Angul

Social ViralViral Video: Snake Found Inside Train Toilet, Internet Reacts

EntertainmentAjith Kumar Injured in Fan Frenzy After Padma Bhushan Award Ceremony, Actor Hospitalized In Chennai

MaharashtraOver 10,000 Pakistani Nationals Traced in Maharashtra and Delhi Post-Palgham Terror Attack

कारोबार Realted Stories

BusinessIndia's electronics export surged 47% in Q1 2025-26: Piyush Goyal

BusinessIndia’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows

Business2,000 AI CCTVs deployed in Peru’s Lima district for public safety

BusinessEasing US-Russia tensions, S&P rating booster for India to influence FII sentiments

BusinessIndia’s semiconductor market to touch $110 billion by 2030, create skilled jobs