JSW Steel crude steel production rises 14% YoY in July

9 Aug 2022 , 09:41 AM

JSW Steel recorded crude steel production of 13.82 lakh tonnes in July 2021. The production of flat rolled products surged 15% to 10.72 lakh tones in July 2022 from 9.34 lakh tones in July 2021. The production of long rolled products jumped 19% to 3.65 lakh tonnes in July 2022 as against 3.06 lakh tonnes in same period last year. JSW Steel, the flagship business of the diversified JSW Group, is Indias leading integrated steel company with capacity of 28 MTPA in India & USA (including capacities under joint control). The companys manufacturing unit in Viiayanagar, Karnataka is the largest single location steel-producing facility in India with a capacity of 12 MTPA. JSW Steels consolidated net profit slumped 85.81% to Rs 838 crore in Q1 FY23 as against Rs 5,904 crore recorded in Q1 FY22. Revenue from operations surged 31.78% to Rs 38,086 crore in Q1 FY23 compared with Rs 28,902 crore in the same quarter last year. The scrip rose 0.28% to settle at Rs 669.05 on Monday, 8 July 2022. Powered by Capital Market – Live News