MoneyWorks4Me

JSW Steel logs marginal rise in Oct. production

28 Nov 2011 Evaluate

JSW Steel on reported an increase of 2 per cent in October crude steel production at 5.7 lakh tonnes over the corresponding month last year. The company had produced 5.59 lakh tonnes crude steel in the year-ago period. Its Vijaynagar plant could utilise only 67 per cent of its installed capacity due to shortage of iron ore. Even though the company procured iron ore through e-auctions, the availability of ore at plant remains a bottleneck due to procedural delays and logistics constrains in movement of ore. The company had produced 17.38 lakh tonnes crude steel in the second quarter of the current fiscal.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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