India: JSPL Steel Production & Sales Surge in FY19
Jindal Steel and Power Limited (JSPL), one of the India’s leading steel producer has reported steel output and sales figures for FY’19 (Apr’18- Mar’19) results.
Company’s crude steel output up by 30% in FY19- JSPL’s steel output from Indian operations moved up by 30% in FY19 to 5.25 MnT which was 4.02 MnT in FY18.
Meanwhile company’s steel output in its Indian operations registered a surge of 24% on quarterly basis to 1.51 MnT in Q4 FY’19 as compared to 1.22 MnT in Q3 FY’19.
Whereas the company reported a significant increase in steel production by 20% Y-o-Y basis in Q4 FY'19 against 1.26 MnT in the Q4 FY'18.
With the ramp up of production at Angul, JSPL is confident of accelerating further growth in production & sales.
Company’s sales volume surge by 36% in FY19- JSPL sales volumes increase by 36% in FY19 to 5.12 MnT against 3.76 MnT in FY18.
Meanwhile on quarterly basis sales volume of the company also jumped up by 21% to 1.45 MnT in Q4 FY’19 against 1.2 MnT in the previous quarter of current fiscal.
On yearly basis the same increased by 23% in Q4 FY’19 in comparison to 1.18 MnT in Q4FY18.
source: SteelMint
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