JSW Steel's crude steel production logs 31% yoy growth; stock marginally up

15 Jun 2022 , 11:12 AM

JSW Steel Limited has announced its Crude Steel production for May 2022.

It logged production of 17.89 lakh tonnes in May 2022 as compared to 13.67 lakh tonnes in May 2021, registering growth of 31% yoy on a standalone basis.

The total production of Rolled Products Flat stood at 12.84 lakh tonnes in May 2022, as against 9.99 lakh tonnes in May 2021, up by 29% yoy.

Production of Rolled Products Long is reported at 3.86 lakh tonnes in May 2022, up by 25% yoy against 3.09 lakh tonnes in May 2021.

JSW Steel is the flagship business of the diversified US$ 22 billion JSW Group. As one of India’s leading business houses, JSW Group also has set foot in other business sectors such as energy, cement, infrastructure, paints, sports, and venture capital.

At around 11.16 AM, JSW Steel’s counter was trading at Rs563.40 per piece, up by Rs1.7 or 0.3% from its previous closing of Rs561.70 on the BSE. The scrip opened at Rs561.70 and has touched a high and low of Rs568.55 and Rs557.10 respectively.