JSPL produces 5.904 mt steel in April-December FY22, surges 9%
Steel

JSPL produces 5.904 mt steel in April-December FY22, surges 9%

On Tuesday, the firm said that Jindal Steel and Power Limited (JSPL) produced 5.904 million tonnes (mt) steel in the April-December period of FY 2021-22.

The output was 9% higher at 5.904 mt as against the generation in the corresponding term of the preceding fiscal.

Conveying the sales figure for the October-December quarter, JSPL told the media it sold 1.82 mt steel during the stated term.

In Q3 FY’22, steel sales were constrained due to limited rake availability and unseasonal rains in certain states. In December 2021, the firm's sales reached 6.85 lakh tonnes.

JSPL Managing Director V R Sharma told the media that they have been able to attain a production increase of 9% in the first nine months of FY22. They are confident that in this financial year, they will be able to reach their aim of 8-8.2 mtPA.

JSPL, part of O P Jindal Group, has a powerful presence in the steel, power, and mining sectors with an investment of Rs 90,000 crore worldwide.

Image Source

On Tuesday, the firm said that Jindal Steel and Power Limited (JSPL) produced 5.904 million tonnes (mt) steel in the April-December period of FY 2021-22. The output was 9% higher at 5.904 mt as against the generation in the corresponding term of the preceding fiscal. Conveying the sales figure for the October-December quarter, JSPL told the media it sold 1.82 mt steel during the stated term. In Q3 FY’22, steel sales were constrained due to limited rake availability and unseasonal rains in certain states. In December 2021, the firm's sales reached 6.85 lakh tonnes. JSPL Managing Director V R Sharma told the media that they have been able to attain a production increase of 9% in the first nine months of FY22. They are confident that in this financial year, they will be able to reach their aim of 8-8.2 mtPA. JSPL, part of O P Jindal Group, has a powerful presence in the steel, power, and mining sectors with an investment of Rs 90,000 crore worldwide. Image Source

Next Story
Infrastructure Urban

NHAI Defends Use of Mamallapuram Pond for ECR Project Ramp

                                                The National Highways Authority of India (NHAI) has informed the National Green Tribunal (NGT) that it was compelled to use a portion of a pond in Mamallapuram to construct an exit ramp for the East Coast Road (ECR) four-laning project between Mamallapuram and Puducherry. The clarification comes in response to a petition alleging that the construction encroached on the waterbody without valid justification.In its submission..

Next Story
Infrastructure Transport

Tiruvallur Begins Full Audit of Accident-Prone Roads

Tiruvallur, a fast-growing logistics and residential hub on Chennai’s northwestern edge, has begun a comprehensive audit of fatal and non-fatal road accidents across the district.Special task forces made up of transport, police, and revenue officials have started field investigations at high-risk locations such as Red Hills, Poonamallee, and Tiruvallur town.The initiative follows an alarming 188 road crashes, including 49 fatalities, reported in February alone. Tiruvallur Collector M. Prathap has directed officials to analyse five years’ worth of crash data to assess if road design flaws o..

Next Story
Infrastructure Urban

Modi Hands Over 51K Job Letters, Urges Youth to Drive Growth

Prime Minister Narendra Modi on Monday distributed over 51,000 appointment letters to newly recruited youth in various government departments and organisations, addressing them via videoconferencing during the Rozgar Mela.Speaking to the gathering, Modi said today marks the beginning of new responsibilities for the recruits. He urged them to strengthen India’s economy, boost internal security, help build modern infrastructure, and bring meaningful change to people's lives. The sincerity with which they perform their duties, he said, would directly impact India’s journey towards becoming a ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?