JSPL's steel production grows 18% y-o-y in February 2021

Jindal Steel & Power Limited (JSPL), one of India's leading infrastructure steelmaker, continued to report strong production and sales in February 2021. Steel production increased by 18% y-o-y to 6.53 lakh tonnes as compared to 5.54 lakh tonnes in the previous year. The company also reported a 14% y-o-y growth in shipments to 5.45 lakh tonnes as compared to 4.80 lakh tonnes in the previous year. While shipments were 6% lower m-o-m, on a per day basis, shipments were 4% higher m-o-m. Exports accounted for 26% of the total sales volumes.

- JSPL posted Steel Production of 6.53 lakh tonnes in February 2021
- JSPL sales jump 14 % y-o-y in February 2021
- Exports contributed 26% to the total sales volumes

"We are on our path of continuous growth month after month and will enhance production further without any new CAPEX in this financial year," said Mr. VR Sharma, Managing Director, JSPL.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.315.25 as compared to the previous close of Rs. 320.9. The total number of shares traded during the day was 406836 in over 2904 trades.

The stock hit an intraday high of Rs. 325.55 and intraday low of 313.8. The net turnover during the day was Rs. 129857928.

Source : Equity Bulls

Keywords