India: JSPL Production Up & Sales Decline in Q2 FY'20
Jindal Steel and Power Limited (JSPL), one of India’s leading steel producer has released its steel output and sales figures today for Q2 FY’20 results.
Company’s crude steel output inch up by 1% in Q2 FY20- JSPL’s crude steel output from Indian operations witnessed a marginal increase of 1% in Q2 FY’20 to 1.58 MnT which was 1.57 MnT in Q1 FY’20.
Also on a yearly basis, the same surged by 16% in Q2 FY'20 as compared to 1.36 MnT in Q2 FY'19.
Company’s sales volume move down by 3% in Q2 FY’20- JSPL sales volumes move down by 3% in Q2 FY’20 to 1.46MnT against 1.51 MnT in Q1 FY’20.
Meanwhile on a yearly basis, the same reported an increase of 10% in Q2 FY'20 against 1.32 MnT in Q2 FY'19.
Also, Mr. VR Sharma Managing Director of JSPL shared that "The company is on track to deliver its highest ever volumes this year and with the ramp-up in production at Angul, we are confident of further accelerating the growth momentum in terms of production and sales."
source: SteelMint
Top News
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Glencore in talks to sell Philippine copper smelting unit
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Mercuria partners with Zambia on metals trading venture
Iron ore price weakens as Australia flags return to sub-$100 prices
Triple Flag to acquire royalty on Tres Quebradas lithium project
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Petra Diamonds cuts forecasts, jobs amid market weakness
A STEP FORWARD TOWARDS SAFETY
Sovel contracts Danieli Automation for bar mill upgrading
How the Trump administration can support lithium independence
Gemfields says unrest could disrupt Mozambique ruby mine
Iron ore price rises on pre-holiday restocking, China stimulus hopes
Canada invests $70m in Seymour Lake lithium project in Ontario
Solar, EVs and a big exit from coal: 2024’s good climate news
Gold price steadies as traders focus on uncertain 2025 rate path
Lithium suppliers seek to rein in price discounts in 2025 talks
Nigeria resumes mining in Zamfara state on improved security
Midnight Sun receives exploration license renewal for Solwezi copper project in Zambia
Sovel contracts Danieli Automation for bar mill upgrading
How the Trump administration can support lithium independence
Gemfields says unrest could disrupt Mozambique ruby mine
Iron ore price rises on pre-holiday restocking, China stimulus hopes
Canada invests $70m in Seymour Lake lithium project in Ontario
Solar, EVs and a big exit from coal: 2024’s good climate news
Gold price steadies as traders focus on uncertain 2025 rate path
Lithium suppliers seek to rein in price discounts in 2025 talks
Nigeria resumes mining in Zamfara state on improved security