JSW Steel Limited reported 26% growth in crude steel production in Q4 FY 2012 compared to that of corresponding period of last fiscal year.
The Company’s crude steel production for the year 2011-12 was 7.43 million tones, showing 16% growth over previous year.
The Company gave the guidance of 8.75 Million tons of Crude steel production in the beginning of FY 2011-12. In view of scarcity of Iron ore due to imposition of ban on Iron ore mining in the State of Karnataka by Honourable Supreme Court, the Company had to scale down its production, thus actual achievement is only 85% of initial guidance.
JSW Steel Ltd., belonging to JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, C R Coils, Galvanised products, Galvalume Products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to US $ 9 billion in little over fifteen years. JSW Steel Limited has the largest galvanizing and colour coating production capacity in the country and is the largest exporter of galvanized products with presence in over 100 countries across five continents.