JSPL shines with promising figures, achieves new milestones in production and sales in FY20

New Delhi, April 3rd,2020. (NewsTimePro):

Jindal Steel & Power Limited (JSPL) reports its highest ever domestic & overseas steel & related products production and sales during FY 20.

The Company’s major steel production units namely Raigarh, Angul & Oman recorded the highest ever production & sales of steel & related products. 

JSPL’s domestic operations also continued to ramp up significantly. Company’s domestic Steel & Related Products production increased to a record of 6.3 Million tonnes (up 13% y-o-y) during FY 20 and sales increased to 6 Million Tonnes (up 12% y-o-y).

The Group recorded the highest ever production and sales of Steel and related product at 8.2 Million tonnes & 8 Million tonnes respectively, which is an increase of 12% and 10% respectively.

JSPL operates India’s only private sector Rail mill, which has also received approval from RDSO recently for the supply of extremely sophisticated Head Hardened Rail (1080HH Grade). The rail mill clocked a record production of 5.7 Lakh tonnes during FY 20.

Mr. VR Sharma (Managing Director- JSPL) attributed these achievements to the perseverance of JSPL’s workforce across the globe.

He said “It is truly a splendid achievement. The 3.00 MTPA figure from the newly installed Angul plant was a dream, which comes true now. Raigarh has already achieved this milestone twice earlier.  India’s largest Blast furnace at Angul continue to produce more than 10000 MT/day of hot metal and World only SynGas based DRI Plant is running well, which will lead to creating new records in future”

“Oman has also shown an incredible performance. The EAF in Oman has produced 2,02,110 tonnes of steel in one month, which is again a record for the plant of its kind.  We will aim to do much more in this new financial  year.” Mr. Sharma further added.

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