JSW Ispat reports 53% yoy growth in crude steel production; stock surges ~3%

8 Apr 2022 , 02:44 PM

JSW Ispat Special Products Limited (JISPL) (formerly known as Monnet Ispat and Energy Limited has reported a volume of production for the quarter and fiscal year ended March 31, 2022.

The company has reported crude steel production of 0.17 million tonnes in Q4FY22 as compared to 0.15 million tonnes in Q4FY21, registering a growth of 11% yoy.

It has reported a growth of 17% sequentially with crude steel production of 0.14 tonnes in the previous quarter.

It reported production of 0.58 million tonnes during the financial year 2021-22 as compared to 0.38 million tonnes during the previous financial year, registering 53% yoy growth.

JISPL has an integrated steel unit at Raigarh and a steel unit in Raipur, both of these units are located in the State of Chhattisgarh.

JSW Ispat is currently trading at Rs38.05 up by Rs0.95 or 2.56% from its previous closing of Rs37.10 on the BSE. It touched intraday high and low of Rs38.65 and Rs37.65 respectively.