Jindal Steel -; Power posts 5% yoy rise in steel sales during May 2022; Stock rises 1.5%

15 Jun 2022 , 09:16 AM

Jindal Steel & Power Ltd has informed to the exchanges that notwithstanding challenging demand conditions and constant issues faced with regards to railway rake availability, JSP did well to report a 5% yoy increase in steel sales in the month of May 22.

Also, Monthly steel production was also up by a modest 1% yoy. Exports accounted for 21% of steel sales for the May month.

In addition, in Apr-May period, JSP reported steel sales of 9.91 lakh tonnes and production of 13.76 lakh tonnes. Exports accounted for 18% of the sales in the first two months of FY23.

On Wednesday early morning, Jindal Steel & Power was trading at Rs353.20 per share higher by 1.47% on the BSE.