JSW Steel reports 62% y-o-y jump at 4.93 mt in Q1 FY22

14 Jul 2021 CW Team

Steel manufacturing major JSW Steel reported a 62% increase in crude steel production for the first quarter of the fiscal year, totalling 4.93 million tonne (mt), compared to the same period the previous year.

According to the company, the combined crude steel production of the JSW Group was 5.07 million tonnes, a 65% increase year on year. This includes the jointly controlled entities Bhushan Power and Steel Ltd and JSW Ispat Special Products Ltd.

Crude steel production was around 4.37 million tonnes in the previous quarter. The company's newly acquired steel business reported 0.69 million tonnes of production in the first quarter of FY22.

The subsidiary of JSW Group reported that capacity utilisation for its India operations was 91% in the first quarter, down from 93% in the previous quarter, as the company delivered over 65,000 tonnes of liquid medical oxygen.

JSW Steel USA produced 0.14 million tonnes during the first quarter.

JSW Steel Ohio told the media that the electric arc furnace was restarted in March 2021 after refurbishment and capacity was increased.

Image Source

Also read: Crude steel output of Tata Steel surges over 43%, sales by 35%

Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt

Real Estate

08 Apr 2026

BPTP awards Rs 4.88 billion contract to NCC

BPTP has awarded a construction contract worth Rs 4.88 billion to NCC Limited for its residential project Downtown 66 in Gurugram.The contract covers civil structure and finishing works for a total construction area of approximately 1,79,302 sq m, including residential towers and associated amenities, in line with approved plans and specifications.Located along Golf Course Extension Road, the project forms part of BPTP’s Gurugram portfolio and is designed around modern living, sustainability, connectivity and occupier-centric planning.Commenting on the development, Manik Malik, CEO & Pre..

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..