New Delhi: Jindal Steel and Power Ltd (JSPL) registered a record 30% growth in consolidated steel sales of 2.41 million ton in second quarter of financial year 2021 as compared to 1.85 million ton in Q2FY20.
The company also reported 18% growth in consolidated steel production with 2.35 million ton (MT) against 1.99 MT during the same period.
With the revival of domestic steel demand, JSPL recorded 29% growth in standalone steel sales with 1.93 MT compared to 1.49 MT in Q2FY20. The company also reported 16% rise in standalone steel production with 1.84 MT against 1.58 MT in last year.
Steel exports contributed to 38% of the total sales volume with 0.74 MT. JSPL’s Barbil pellet plant in Odisha recorded highest ever quarterly production of 2.01 MT in Q2FY21.
“We are proud of our dedicated workforce and their hard work. We are ramping up sales and production, as India comes out of the lockdown effect and scale up its economic activities towards a renewed growth path,” said VR Sharma, MD, JSPL in a statement.
