JSPL Q2 steel production at 1.3 million tonne

08-Oct-2018

Jindal Steel and Power Ltd (JSPL) Thursday said its crude steel production in September quarter of 2018-19 stood at 1.3 million tonne (MT).

The company produced 0.89 MT crude steel in July-September period of 2017-18 financial year, JSPL said in a statement.

Sales during the reported quarter rose to 1.27 MT from 0.83 MT in the year-ago period.

“The quarterly steel production saw 46 per cent growth during second quarter of 2018-19, while the quarterly steel sales traced a steeper curve by recording a rise of 53 per cent year-on-year,” it said.

The recently commissioned 3.25 million tonne per annum (MTPA) Basic Oxygen Furnace (BOF) at JSPL’s integrated steel plant at Angul, Odisha helped the company achieve this milestone, JSPL CEO N A Ansari said.

“We are looking at enhancing the growth curve during third and fourth quarters in order to set new records during this fiscal,” he added.

Source: OUTLOOK