JSPL records highest ever Production & Sales in December 2020

JSPL Steel operations reported their highest ever monthly production volumes with 7.27 lakh tonnes during December 2020. JSPL's integrated steel plant in Angul reported the highest ever monthly production to 4.16 lakh tonnes, JSPL's Raigarh steel plant also reported the highest monthly production to 3.11 lakh tonnes. JSPL also reported the highest ever monthly sales of 7.11 lakh tonnes in December 2020.

The Company posted a record standalone Steel production of 19.3 lakh tonnes in Q3FY21 compared to 16.1 lakh tonnes in Q3FY20. JSPL's Standalone Steel sales also increased by 12% (Y-o-Y) to 18.8 lakh tonnes in Q3FY21 compared to 16.7 lakh tonnes in Q3FY20. JSPL's Steel exports increased by 18% (Y-o-Y) to 3.87 lakh tonnes in Q3FY21 contributing 21% to the total sales volumes.

We are proud of our dedicated workforce who achieved such an extraordinary increase in the production with existing capacity by way of optimizing various operating parameters without any Capex. We will achieve even greater heights in times to come," said Mr. V R Sharma, Managing Director, JSPL.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.270.3 as compared to the previous close of Rs. 266.05. The total number of shares traded during the day was 410049 in over 2714 trades.

The stock hit an intraday high of Rs. 272.8 and intraday low of 268.15. The net turnover during the day was Rs. 110961635.

Source : Equity Bulls

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