JSPL records 30% YoY growth in steel sales in Q2 FY21

Mumbai: Steelmaker, JSPL has recorded a 30% yoy growth in consolidated steel sales at 2.41 million tonnes in the September quarter of FY 21 as against a sale of 1.85 million tonnes a year ago.

“ We are setting new production benchmark for ourselves and would like to surpass them consistently going forward,"said JSPL's managing director, V.R. Sharma.

The company is ramping up sales & production, as India comes out of the lockdown effect and ramps up its economic activities towards a renewed growth path, he added.


"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 mt in Q2 FY20," the company said in a statement on Tuesday.

JSPL's steel exports contributed to 38% of the total sales volumes with 0.74 mt.

The company's Barbil pellet plant has recorded a quarterly pellet production of 2.01 mt in
Q2FY21.