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Jindal Steel reports 30% growth in steel sales to 4.4 mt in FY16

04 Apr 2016 Evaluate

Jindal Steel and Power (JSPL) has reported 30% growth in its consolidated steel sales to 4.4 million tonnes (mt) in FY16 as compared to 3.4 mt in FY15. The company’s consolidated production surged 24% to 4.5 mt as compared to 3.7 mt in 2014-15.

On a stand-alone basis, for March quarter, the company’s steel sales grew 37% to 1 mt from 0.74 mt in October-December while production was at 0.97 mt as against 0.78 mt during the same period.

The growth has been backed by a steady & gradual ramp up of company's Angul plant, which nearly doubled its production this financial year from 0.46 MT in FY14-15 to 0.9MT in FY15-16.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

 

Jindal Steel Share Price

1287.40 17.90 (1.41%)
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