Stock Report

JSPL records a 10% YoY production increase in November 2021

Posted On : 2021-12-07 22:42:23( TIMEZONE : IST )

Jindal Steel and Power Ltd (JSPL) continues to post robust production growth in November 2021. Steel production increased by 10 % Y-o-Y to 6.74 lakh tonnes as compared to 6.14 lakh tonnes of steel production in the previous year.

- Steel production of 6.74 lakh tonnes was up 10% (Y-o-Y)
- Steel sales stood at 5.39 lakh tonnes
- Exports contributed 15% to the total sales volumes

JSPL's November 2021 Steel sales were lower by 5% Y-o-Y at 5.39 lakh tonnes due to non-availability of Indian Railway rakes on demand.

"We are gearing up to achieve our annual target of 8.0-8.2 Million tonnes of Steel production. We are confident we will achieve the overall targets", said Mr V R Sharma, Managing Director, JSPL in a statement.

Shares of Jindal Steel & Power Limited was last trading in BSE at Rs. 368.00 as compared to the previous close of Rs. 356.75. The total number of shares traded during the day was 202298 in over 3894 trades.

The stock hit an intraday high of Rs. 370.65 and intraday low of 359.00. The net turnover during the day was Rs. 74174427.00.

Source : Equity Bulls


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