JSPL marches ahead with highest ever Quarterly Standalone Sales of 1.93 Million Tons in Q2FY21

JSPL continues its onward march with a record 30% (Y-o-Y) growth in consolidated Steel Sales of 2.41 million tons in Q2FY21 as compared to 1.85 Million tons in Q2 FY 20. The company also reported 18% (Y-o-Y) growth in Consolidated Steel Production with 2.35 million tons in Q2FY21 as compared to 1.99 Million tons in Q2FY20.

With the revival of domestic steel demand, Jindal Steel & Power Limited records 29% (Y-o-Y) growth in Standalone Steel Sales with 1.93 Million Tons Q2FY21 as compared to 1.49 Million Tons in Q2FY20. The company also reported a 16% rise in (Y-o-Y) Standalone Steel Production with 1.84 Million tons in Q2FY21 as compared to 1.58 Million tons in Q2FY20.

Key Highlights:

- Highest ever Quarterly Standalone Steel Production of 1.84 Million tons in Q2FY21

- Highest ever Quarterly Pellet Production of 2.01 Million Tons in Q2FY21.

Steel Exports contributed to 38% of the total sales volumes with 0.74 Million Tons. JSPL's Barbil Pellet plant records Highest ever Quarterly Pellet Production of 2.01 Million Tons in Q2FY21.

"We are proud of our dedicated workforce and their hard work. We firmly believe in the India growth story and want to contribute to it significantly. We are setting new production benchmark for ourselves and would like to surpass them consistently going forward. We are ramping up sales & production, as India comes out of the lockdown effect and ramps up its economic activities towards a renewed growth path." Said Mr. V R Sharma, MD, JSPL in a statement.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.196.65 as compared to the previous close of Rs. 190.1. The total number of shares traded during the day was 885279 in over 4485 trades.

The stock hit an intraday high of Rs. 198 and intraday low of 191.25. The net turnover during the day was Rs. 173058220.

Source : Equity Bulls

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