The production of steel by Jindal Steel and Power Ltd (JSPL) rose 16 per cent to 1.57 million tonnes (MT) during April-June period of the ongoing fiscal.
The company had produced 1.35 MT steel in the year- ago period, JSPL said in a BSE filing. The company also reported 16 per cent rise in its sales at 1.51 MT during the quarter under review. “The quarterly production and sales of steel and related by-products stood at 1.35 MT and 1.30 MT respectively in Q1FY’19,” it said.
Part of the $ 22 billion diversified O P Jindal Group, JSPL has a significant presence in core infrastructure sectors including steel, power, mining and infrastructure. The company having total production of about 10 mtpa in India has operational steel making units in Chhattisgarh, Odisha and Jharkhand.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.