JSPL Reports 13% YoY Surge in Steel Production in October 2020

JSPL Reports 13% YoY Surge in Steel Production in October 2020

Jindal Steel & Power Limited has reported growth in its standalone steel production and sales during October 2020. The company recorded a 13% YoY

in standalone steel production with 585,000 tonnes in October 2020 as compared to 518,000 tonnes in October 2019. The company reports highest ever pellet production of 701,500 tonnes in October 2020. JSPL also reported highest ever wire rod production of 49,062 tonnes in October 2020.

JSPL's standalone sales rose by 10% YoY in October 2020 with 600,000 tonnes as compared to standalone sales of 547,000 tonnes in October 2019. The export sales contributed to 28% of total sales volumes in October 2020. JSPL's exports also grew at a rate of 37% YoY in October 2020.

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