JSPL records highest-ever production and sales in December

Jindal Steel and Power Ltd (JSPL) operations, on Monday, reported highest ever monthly production volumes with 7.27 lakh tonnes during December.

Its Angul steel plant reported the highest ever monthly production to 4.16 lakh tonnes and the Raigarh steel plant to 3.11 lakh tonnes. The company said in a statement that JSPL also reported the highest ever monthly sales of 7.11 lakh tonnes in December. In Q3FY21, the company posted a record steel production of 19.3 lakh tonnes compared to 16.1 lakh tonnes in Q3FY20.

JSPL’s standalone steel sales also increased by 12 per cent year-on-year to 18.8 lakh tonnes in Q3FY21 compared to 16.7 lakh tonnes in Q3FY20. JSPL’s steel exports increased by 18 per cent year-on-year to 3.87 lakh tonnes in Q3FY21, contributing 21 per cent to the total sales volumes.

At 14:03 hours, JSPL was quoting at Rs 282.60, up to Rs 12.45, or 4.61 per cent.

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