JSPL Standalone Steel Production rose 13% (Y-o-Y) in October 2020

Key Highlights

- Standalone Steel Production rose 13% (Y-o-Y) in October 2020.
- Ever Highest Pellet production of 701,500 MT in October 2020.
- Exports contributed to 28% of the total sales volumes.
- Standalone Sales up by 10% (YoY) in October 2020.

Jindal Steel & Power Limited (JSPL) reports growth in its Standalone Steel Production and Sales during October 2020. The company recorded a 13% growth (Y-o-Y) in Standalone Steel Production with 585,000 metric tons in October 2020 as compared to 518,000 metric tons in the previous year during the same period. Company's Standalone Sales rose by 10% (Y-o-Y) in October 2020 with 600,000 metric tons as compared to Standalone Sales of 547,000 metric tons in the previous year during the same period.

The export sales contributed to 28% of total sales volumes in October 2020. Company's exports also grew at a rate of 37% (Y-o-Y) in October 2020. The Company reports Ever Highest Pellet production of 701,500 MT in October 2020. JSPL also reports Ever Highest wire rod production of 49,062 MT in October 2020.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.236.6 as compared to the previous close of Rs. 233.5. The total number of shares traded during the day was 644661 in over 5827 trades.

The stock hit an intraday high of Rs. 244.95 and intraday low of 231.8. The net turnover during the day was Rs. 153676107.

Source : Equity Bulls

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