India’s JSPL posts increased crude steel output for September quarter

Friday, 05 October 2018 17:05:53 (GMT+3)   |   Istanbul

Indian steelmaker Jindal Steel and Power Ltd (JSPL) has announced that in the second quarter ended September 30 of the financial year 2018-19 its crude steel production amounted to 1.3 million mt, up 46 percent, while its steel sales increased by 53 percent to 1.27 million mt, both on year-on-year basis.

JSPL stated that the production and sales performance is a result of the recently commissioned 3.25 million mt per year basic oxygen furnace at JSPL’s 6 million mt per year integrated steel plant at Angul, Odisha. The company plans to ramp up its capacity utilization at its Angul plant to above 90 percent during the course of the current financial year.

“Steel production and sales are generally lower during the second quarter due to the monsoons. We are looking at enhancing the growth curve during the third and fourth quarters in order to set new records during this fiscal year,” Mr. NA Ansari, JSPL CEO, said.

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