Jindal Steel Power records strong operational performance in March

21 Apr 2022 , 01:32 AM

Jindal Steel Power JSP ended FY22 on a high with the Company reporting record sales in March of 079mt Strong sales were driven by record production of 077mt 5Percentage Y-o-Y The strong operational performance resulted in the Company reporting the highest ever production for the quarter of 211mt 2Percentage Y-o-Y Despite facing several challenges throughout FY22 JSP managed to meet its production guidance; breaching the 8 million tonne mark for the first time For the fifth consecutive year JSP has posted spectacular growth in annual Steel sales on a year on year basis In FY22 as well a new annual record has been established with 763 mt of Steel sales 503Percentage Y-o-Y Exports accounted for 33Percentage of sales in March; in line with the FY22 share Key Highlights Steel production and sales hit a record of 801mt and 763mt respectively in FY22 Q4 sales increased by 8Percentage Y-o-Y to 207mt; production up 2Percentage Y-o-Y to 211mt Steel sales marked a new record of 079mt in March 22 Exports accounted for 33Percentage of sales in March 22 as well as in FY22