India’s leading steel mill – Jindal Steel & Power Ltd (JSPL) set a record on monthly production and sales volumes in Dec ’20, in the latest press release in BSE.
The details are mentioned below:
1.Production volumes up 20% in Q3FY21 –JSPL production volumes posted a record standalone steel production of 1.93 mn t in Q3 FY ’21 up by 20% compared to 1.61 mn t in Q3 FY ’20.On a monthly basis, the company reported their highest ever monthly production volumes with 0.73 mn t in Dec ’20 higher by 18% against 0.61 mn t in Nov ’20.JSPL’s integrated steel plant in Angul reported the highest ever monthly production to 0.41 mn t and the Raigarh steel plant also reported the highest monthly production to 0.311 mn t.
2.Sales volumes increased by 12 % in Q3FY20 – JSPL sales volumes stood at 1.87 mn t and increased by 12% as compared 1.67 mn t in a similar time of the previous year. Meanwhile, on monthly basis, the company recorded the highest ever monthly sales of 0.71 mn t in Dec ’20 higher by 25% against 0.57 mn t in Nov ’20.
3.Steel exports increased by 18% in Q3FY21 – JSPL exports increased by 18% to 0.387 mn t in Q3FY ’21 contributing 21% to the total sales volumes.
JSPL is likely to achieve a sales volume of 7.5 mn t in FY ’21 as per statement given by the MD, Mr. V R Sharma. He further added that the company has hiked steel price by INR 1,000/t today and the total price hike from Q2FY21 to Q3FY21 has been in the range of INR 5000 – 5200/ t. Limited supplies, revival of the construction and white good sectors are expected to drive the demand.
“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, in a statement.
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