JSPL Posts Highest Ever Production & Sales in FY 2020-21
Jindal Steel and Power Limited has reported highest ever production and sales in FY 2020-21 of 7.51 million tonne up 19% YoY and 7.28 million tonne up 20% YoY respectively. Exports accounted for 35% of sales in 2020-21 compared to 13% in 2019-20. JSPL Managing Director Mr VR Sharma said "We are proud of our team for producing 7.51 million tonnes of steel in this financial year marred by the global pandemic. This remarkable growth during the most challenging time period has been possible due to our firm belief in the India growth story, our focus on creating opportunities in adversity and the dedication of each & every member of the JSPL family. We will continue to work towards our target of 15:15:50, ie INR 15,000 crore EBITDA: INR 15,000 crore Net Debt: INR 50,000 crore Gross Turnover.”
JSPL sales hit a new record of 786,000 tonnes in March 2021, up 61% YoY while production rose by 21% YoY to 730,000 tonnes.
Production and sales in January-March quarter of FY 2020-21 were also at record levels of 2.07 million tonne up 34% YoY and 1.91 million tonne up 38% YoY respectively.