JSPL Reports 15% YoY Growth in Steel Production in November’20
Jindal Steel & Power LimitedNew Indian Express

JSPL Reports 15% YoY Growth in Steel Production in November’20

Jindal Steel & Power Limited has reported standalone steel production with 0.614 million tonnes in November 2020 up by 15% YoY as compared to 0.533

Jindal Steel & Power Limited has reported standalone steel production with 0.614 million tonnes in November 2020 up by 15% YoY as compared to 0.533 tonnes in November 2019. JSPL's standalone sales have increased marginally to 0.562 million tonne in November 2020 as compared to 0.557 million tonnes in November 2019. The export sales contributed to 21% of total sales volumes in November 2020, which grew by 10% YoY

JSPL Managing Director Mr VR Sharma said "Our performance is in line with the India growth story. Domestic steel demand is rising in the second half of fiscal year 2020-21 and so is JSPL's production. With domestic markets recovering the company is focusing more on value-added products. We believe the company's portfolio will witness further strength in the third and fourth quarters of the current financial year.”

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