JSPL's Steel Production Jumps 7% (Y-o-Y) in October 2021

JSPL - India's leading infrastructure Steel company, increased its steel production by 7% (Y-o-Y) to 6.24 lakh tonnes in October 2021 compared to 5.85 lakh tonnes during the same period in the previous year.

• Steel production increased to 6.24 lakh tonnes, up 7% (Y-o-Y)
• Steel sales stood at 5.93 lakh tonnes in October 2021.
• Exports contributed 23% to total sales volume


However, JSPL's Steel Sales observed a 1% (Y-o-Y) dip at 5.93 lakh tonnes in October 2021 (6.0 lakh tonnes in October 2020). Sales growth lagged production during the month due to lack of rake availability, as the government focused on supplying thermal coal to power plants. Exports accounted for 23% of sales volumes as the Company prioritised domestic demand.

Shares of Jindal Steel & Power Limited was last trading in BSE at Rs. 388.35 as compared to the previous close of Rs. 398.45. The total number of shares traded during the day was 201194 in over 3363 trades.

The stock hit an intraday high of Rs. 404.80 and intraday low of 387.00. The net turnover during the day was Rs. 78989483.00.

Source : Equity Bulls

Keywords

JindalSteelandPowerLimited INE749A01030 JINDALSTEL JSPL October2021 SteelProduction