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JSPL domestic steel production rises to 1.23 mn tonnes in Q1 FY19 03/07/2018 09:30

Jindal Steel and Power Limited (JSPL), on Tuesday said that it has recorded highest ever first quarter domestic steel production during April – June 2018

“The domestic crude steel production at JSPL’s integrated steel plants at Angul and Raigarh during the quarter April – June 2018 clocked a record 1.23 Million Tonnes, i.e. a rise of 36% from 0.90 M illion Tonne, a year ago,” JSPL said in a filing to the Bombay Stock Exchange.

JSPL also recorded a 46 per cent growth in domestic sales during Q1 2018 - 19 to 1.18 Million Tonnes , up from 0.81 Million Tonne in Q1 of the previous fiscal. The 9 MTPA Pellet Plant also recorded its highest ever production during the month of June 2018, bettering all its previous records.

Commenting on the development, NA Ansari, CEO – Steel Business, JSPL said, “JSPL is on course to translate its blueprint for enhancing capacity utilizations and efficiencies across all its steel plants. While the ramp up at our 6 MTPA steel plant at Angul is on desired trajectory, the steel plant at Raigarh has set new benchmarks of exceeding excellence”,

“We are confident of further accelerating the growth momentum, both in production as well as sales, in the forthcoming quarters to record FY 2018 - 19 as the best ever year in JSPL’s history”, he added.

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