Jindal Steel and Power records 15% year-on-year growth in steel production for November 2020

MUMBAI: Steelmaker, Jindal Steel and Power Ltd has reported a 15% y-o-y growth in steel production for November 2020, at 6.14 lakh tonnes.

“Our performance is in line with the India Growth Story, Domestic Steel demand is rising in H2 FY 21 and so JSPL’s production,” said JSPL’s managing director, V.R. Sharma in a media statement on Friday.

With domestic markets recovering the company is focusing more on value-added products. We believe the company’s portfolio will witness further strength in the Q3 & Q4 of the financial year, Sharma added.


“The company witnessed year on year growth of 15% in Standalone Steel Production with 6,14,000 tonnes in November 2020 as compared to 533,000 tonnes of Standalone Steel Production a year ago during the same period,” the company said in a media statement.

Company’s standalone sales rose to 5,62,000 tonnes in November 2020 as compared to 5,57,000 tonnes in the previous year during the same period.

“The export sales contributed to 21% of total sales volumes in November 2020. Company’s exports also grew at a rate of 10% (Y-o-Y) in November 2020,”the company’s media statement said.