JSW Steel's production in May this year grew by 25% to reach
7.24 lakh tonnes over the same month a year earlier.
The Mumbai-based company had produced 5.77 lakh tonnes (LT) of crude steel in
May, 2011. Besides, its flat product output grew by 31% to reach 5.12 LT and
long product by 27% to 1.49 LT during the month over May last year, JSW Steel
said in a statement.
“The capacity utilisation at Vijaynagar works remained at around 80 % in
May, 2012 due to constraints in availability of iron ore in Karnataka,”
JSW said.
The company operates a 10 million tonnes (MT) steel plant at Karnataka's
Vijaynagar and a 1 MT capacity at Salem in Tamil Nadu.
For the current fiscal, the Sajjan Jindal-led company has kept a target of
producing 8.75 MT of crude steel, while its production in the last fiscal was
7.43 MT.
Source: PTI
Leave a Reply