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JSPL posts highest ever domestic quarterly steel production and sales in Q4

Steel News - Published on Wed, 17 Apr 2019

Image Source: Wikipedia
Jindal Steel and Power Limited reports its highest ever domestic quarterly steel production and sales in Q4 FY 2018-19. The company registered a record crude steel production of 1.51 million tonnes and robust sales of 1.45 million tonnes during the quarter January- March 2019. The quarterly steel production saw a 23% growth during Q4 FY 2019, while the quarterly steel sales record a rise of 21% on a quarter-on-quarter basis.

Mr Naushad Akhter Ansari, Joint Managing Director, JSPL said that “We’re thrilled to report another excellent quarter. In the fourth quarter, we continued the momentum. With the ramp up in production at Angul, they are confident of further accelerating the grow the momentum, both in production and sales. This is the result of hard work and dedication of the entire team who have shown resilient character to excel in challenging times.”

The quarterly production and sales in Q4 of previous fiscal stood at 1.26 million tonne and 1.18 million tonnes respectively.

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Posted By : Rabi Wangkhem on Wed, 17 Apr 2019
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