Companies

Jindal Steel and Power posts 20% hike in quarterly steel production

PTI New Delhi | Updated on April 16, 2019 Published on April 16, 2019

Jindal Steel and Power (JSPL)

Jindal Steel and Power Limited (JSPL) has reported its highest ever domestic quarterly steel production and sales in the fourth quarter of financial year 2018-2019.

“The company registered a record crude steel production of 1.51 million tonnes and robust sales of 1.45 mt during the quarter ending March 2019,” a JSPL statement said. 

The production during the fourth quarter of the previous fiscal stood at 1.26 mt. The sales stood at 1.18 mt.

Commenting on the performance, Naushad Akhter Ansari, Joint Managing Director at JSPL, said, “In the fourth quarter, we continued the momentum. With the ramp up in production at Angul, we are confident of further accelerating the growth momentum — both in production and sales.”

Published on April 16, 2019
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