JSPL steel output grows 4% to 2.03 MT in Q1

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Jindal Steel and Power Ltd on Thursday said its consolidated crude steel output rose 4 percent to 2.03 million tonne (MT) during the quarter ended on June 30, 2020.

The company had produced 1.96MT of crude steel in the year-ago quarter, Jindal Steel and Power Ltd (JSPL) said in a statement.

Sales for the quarter under consideration stood at 2.07MT, up 8 percent from 1.92MT in the same quarter a year ago.

"In the last 100 days JSPL exported more than one million tonnes, this was possible with the consistent support of Indian Railways, port authorities and a slew of pro-industry measures taken by the Ministry of Steel to reboot the economy” JSPL Managing Director V R Sharma said.

Part of O P Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors.