JSW Ispat crude steel production slids 25% YoY in Q1

7 Jul 2022 , 11:46 AM

The companys crude steel production tumbled 37% as against 0.17 MT produced in Q4 FY22. The crude steel production was lower sequentially due to preponement of certain scheduled shutdowns during the financial year 2022-23, the company stated. JSW lspat Special Products, formerly known as Monnet Ispat (MIL) was incorporated on 1st February 1990. The company was promoted jointly by Sandeep Jajodia and Jindal Strips, its principal activities are to manufacture and market Sponge Iron, Steel and Ferro Alloys. In addition, MIEL is engaged in mining of coal and power generation for captive consumption. The companys consolidated net profit slumped 96.5% to Rs 3.29 crore on 15% rise in net sales to Rs 1,678.21 crore in Q4 FY22 over Q4 FY21. Shares of JSW lspat Special Products rose 0.63% to Rs 23.90 on the BSE. Powered by Capital Market – Live News