JSPL has posted its highest ever crude steel production of 1.3 million tonne

Jindal Steel and Power Limited (JSPL) has posted its highest ever crude steel production of 1.3 million tonne (mt) during the quarter July – September 2018. The quarterly steel production saw a 46% growth during Q2 FY 2019. Sales touched 1.27 mt, recording a rise of 53% on a year-on-year basis. The quarterly production and sales in Q2 of 2017-18 stood at 0.89 mt and 0.83 mt respectively.

“The improved production and sales performance is a result of the recently commissioned 3.25 MTPA Basic Oxygen Furnace (BOF) at JSPL’s 6 MTPA integrated steel plant at Angul, Odisha”, N A Ansari, CEO–JSPL said.

“Steel production and sales are generally lower during Q2 due to the monsoons. We are looking at enhancing the growth curve during Q3 and Q4 in order to set new records during this fiscal”, he added.