JSPL reduced 0.89 MT crude steel in July-September period of the 2017-18 financial year
- Country:
- India
Jindal Steel and Power Ltd (JSPL) Thursday said its crude steel production in September quarter of 2018-19 stood at 1.3 million tonnes (MT).
The company produced 0.89 MT crude steel in the July-September period of the 2017-18 financial year, JSPL said in a statement.
Sales during the reported quarter rose to 1.27 MT from 0.83 MT in the year-ago period.
"The quarterly steel production saw 46 per cent growth during the second quarter of 2018-19, while the quarterly steel sales traced a steeper curve by recording a rise of 53 per cent year-on-year," it said.
The recently commissioned 3.25 million tonnes per annum (MTPA) Basic Oxygen Furnace (BOF) at JSPL's integrated steel plant at Angul, Odisha helped the company achieve this milestone, JSPL CEO N A Ansari said.
"We are looking at enhancing the growth curve during third and fourth quarters in order to set new records during this fiscal," he added.
Shares of the company today closed 2.27 per cent higher at Rs 191.15 apiece on BSE.
(With inputs from agencies.)
ALSO READ
Security equipment company raided in EU over foreign subsidies concerns
Chinese security equipment company raided in EU over foreign subsidies concerns
EU Commission raids security equipment company over foreign subsidies concerns
Chinese security equipment company raided in EU over foreign subsidies concerns
CSK's Ruturaj Gaikwad smashes second century in losing cause, joins unwanted company
Google News