Key Highlights
- JSPL posted Steel Production of 6.53 lakh tonnes in February 2021
- JSPL sales jump 14 % y-o-y in February 2021
- Exports contributed 26% to the total sales volumes
12th March 2021, New Delhi: Jindal Steel & Power Limited (JSPL), one of India's leading infrastructure steelmaker, continued to report strong production and sales in February 2021. Steel production increased by 18% y-o-y to 6.53 lakh tonnes as compared to 5.54 lakh tonnes in the previous year. The company also reported a 14% y-o-y growth in shipments to 5.45 lakh tonnes as compared to 4.80 lakh tonnes in the previous year. While shipments were 6% lower m-o-m, on a per day basis, shipments were 4% higher m-o-m. Exports accounted for 26% of the total sales volumes.
| Figures in Metric tonnes | Feb 2021 | Feb 2020 | (YoY) Growth |
|---|---|---|---|
| Production | 653,000 | 554,400 | 18% |
| Sales | 545,500 | 480,300 | 14% |
"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 Mr. VR Sharma, Managing Director, JSPL.
About 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.
Disclaimer: The Figures mentioned in this release are provisional.
JSIS Oman is under sale, hence consolidated numbers are not included.
For further information, please contact Corporate Communication:
Kuldeep Singh, +91 9899692981;
kuldeep.singh@jindalsteel.com
Ram Krishna Prayag, +91 7428209898;
ram.prayag@jindalsteel.com
Sudeep Purkayastha, +91 9899441119;
Sudeep.Purkayastha@jindalsteel.com