The consolidated steel production of Jindal Steel and Power stands at 655,000 MT in April.
May 5, 2020
Jindal Steel and Power Limited has reported its highest ever exports of steel & related products during April 2020. The company exported 248,000 MT of steel & related products, which is a growth of 109% (m-o-m). Export contributed to 74% of its total sales volume.
JSPL India reported 5% growth (y-o-y) in the production of steel & granulated pig iron to 550,000 MT during April 2020. The Group has recorded 655,000 MT of consolidated steel production in April 2020.
India’s largest Blast Furnace at JSPL-Angul has recorded the highest ever production of 298,000 MT of hot metal during April 2020. Blast furnace maintained an average production of ~10,000 MT+ on a working day basis.
As mentioned in a leading daily, JSPL reported standalone sales of 335,000 MT, the balance production is under shipment and stocked at the port waiting for vessels, which will be accounted in the month of May 2020. JSPL recorded consolidated sales of 456,000 MT during April 2020.
JSPL’s Oman Steel plant reported 106,000 MT of steel production while steel sales stood at 120,000 MT in April 2020.
JSPL has also developed R 260 Grade of rails for Indian Railways, these rails have carriage capacities of 75 ton per wagon, as compared to 64 ton per wagon for ordinary rails. JSPL has also developed a sour grade application plate and round billets.
