City
Epaper

JSPL's steel production grows 18 pc in February

By ANI | Updated: March 12, 2021 17:40 IST

Jindal Steel and Power Ltd (JSPL) on Friday posted steel production during February at 6.53 lakh tonnes, up 18 per cent from 5.54 lakh tonnes in the year-ago period.

Open in App

Jindal Steel and Power Ltd (JSPL) on Friday posted steel production during February at 6.53 lakh tonnes, up 18 per cent from 5.54 lakh tonnes in the year-ago period.

The company also reported 14 per cent growth in shipments at 5.45 lakh tonnes as compared to 4.8 lakh tonnes in February 2020.

Exports accounted for 26 per cent of the total sales volumes, said JSPL in a statement.

"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 Managing Director V R Sharma.

JSPL is a leading Indian infrastructure conglomerate with a presence in steel, power and mining sectors.

With an investment of 12 billion dollars (about Rs 90,000 crore) across the globe, the company is continuously scaling its capacity utilisation and efficiencies to contribute towards building a self-reliant India.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: JsplJindal Steel And Power Ltd
Open in App

Related Stories

InternationalJindal Steel, Hindalco among 22 companies submitting bids for coal mines auction

InternationalNGT directs Jindal Steel to pay Rs 20 lakh each to 2020 blast victims' kin

BusinessJindal Steel & Power posts Rs 1,527 crore consolidated net profit in Q4

BusinessJSPL wins 3 out of 5 coal blocks auctioned in 4 states

BusinessJSP reinstates 100 percent Dividend-Record date set for 19th March

Business Realted Stories

BusinessPM GatiShakti National Master Plan has evaluated 293 infrastructure projects worth Rs 13.59 lakh crore

BusinessAnil Ambani leaves ED headquarters after 9-hour grilling, to be called again

BusinessRBI has set up 2,421 centres for financial literacy to cover rural areas: Minister

BusinessMyth vs reality: India is not a 'tariff king' at all as labelled by Trump

BusinessBritannia’s Q1 net profit falls nearly 7 pc sequentially, margins hit multi-quarter low