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.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1287.40 |
| Lloyds Metals&Energy | 1627.90 |
| Jai Balaji Inds | 73.46 |
| Steel Exchange India | 9.75 |
| Rajputana Stainless | 128.40 |
| View more.. | |
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