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Jindal Steel rallies 4% on robust Q3 sales, production data

  • Thursday, January 9, 2020
  • Source:ferro-alloys.com

  • Keywords:Jindal Steel, crude steel
[Fellow]For the third quarter ended December 2019, JSPL recorded a growth of 30 per cent in sales at 1.66 million tonnes as against 1.27 million tonnes in the same period last year.
[Ferro-Alloys.com] For the third quarter ended December 2019, JSPL recorded a growth of 30 per cent in sales at 1.66 million tonnes as against 1.27 million tonnes in the same period last year. Export shipments increased to more than 3 lakh MT, an increase of 213 per cent (YoY) during Q3FY20. 
 
The company added that it has recorded the highest ever quarterly domestic production of crude steel and related products with a 22 per cent year-on-year (YoY) growth in the third quarter ended, as a result of the strong and consistence performance across all locations, especially in the Angul operations. 
 
The total crude steel and related production stood at 1.61 million tonnes, compared with 1.32 million tonnes in the corresponding period last year. 
 
Shares of Jindal Steel and Power (JSPL) advanced over 4 per cent in Thursday's session after the company informed bourses that it registered strong growth in sales and production during the December quarter. (The Economic Times)

  • [Editor:kangmingfei]

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