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JSW Steel expects rise in sales and production in FY’13: Report

15 May 2012 Evaluate

Steelmaker JSW Steel is expecting higher sales and production for the fiscal year 2012-13, according to a report.

The company is looking to sell 9 million tonnes of steel in FY’13, compared with 7.8 million tonnes in 2011-12 while, production is expected to rise to 8.5 million tonnes this fiscal year compared with 7.5 million tonnes a year ago.

The company reported a 9.62% fall in standalone net profit at Rs 752 crore for the quarter ended March 2012. It was Rs 832 crore in the corresponding period a year ago. However, total income was up 33.91% at Rs 9,593 crore as against Rs 7,164 crore in March 2011.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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