JSPL records a 28% YoY rise in monthly Steel sales volumes with the revival of domestic demand

Jindal Steel & Power Limited has recorded the highest ever Standalone Steel sales of 640,000 tonnes in May 2020,which is a remarkable growth of 28% as compared to sales of 500,000 tonnes during the same period in the previous year. Out of 640,000 tonnes of total standalone sales, 4,01,000 tonnes are export sales.

The Company has recorded Consolidated Steel sales of 7,97,000 tonnes which is a growth of 26% as compared to sales of 631,000 tonnes during the same period in the previous year. JSPL has recorded Consolidated Steel production of 620,000 tonnes in May 2020.

In addition to above figures, JSPL has recorded production of 6,47,000 tonnes of Pellets in May 2020.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.127.55 as compared to the previous close of Rs. 129.35. The total number of shares traded during the day was 765744 in over 4798 trades.

The stock hit an intraday high of Rs. 132.95 and intraday low of 126.15. The net turnover during the day was Rs. 99665826.

Source : Equity Bulls

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