JSPL Combined Steel Sales Rise 38%

Jindal Steel and Power Ltd (JSPL) recorded a 38 per cent growth in its consolidated steel sales with 8.36 lakh tonnes during August against 6.06 lakh tonnes in the corresponding period of the previous year. The consolidated steel production stood at 8.25 lakh tonnes with a growth rate of 21 per cent in comparison to 6.81 lakh tonnes in August 2019. JSPL's standalone steel production rose by 18 per cent with 6.25 lakh tonnes last month in comparison to 5.29 lakh tonnes in August last year. The standalone sales also increased by 37 per cent to 6.82 lakh tonnes in August as compared to 4.96 lakh tonnes in the same period of the previous year. Steel exports contributed to 42 per cent of the total sales volumes. JSPL said its Barbil pellet plant achieved the best-ever production of 7 lakh tonnes last month which is the highest ever monthly production figure since its inception.