At 2.13 Million Tonnes, Jindal Steel Reports Highest Ever Sales In A Quarter
NDTV
Jindal Steel and Power Limited (JSPL) reported the highest ever quarterlysteel sales hitting a record 2.13 million tonnes during the July-September quarter of the financial year 2021-22.
Leading infrastructure conglomerate Jindal Steel and Power Limited (JSPL) reported the highest ever quarterly steel sales hitting a record 2.13 million tonnes during the July-September quarter of the financial year 2021-22. The company's steel sales volumes surged 32 per cent quarter-on-quarter and 10 per cent year-on-year in the second quarter of the current fiscal, according to a regulatory filing by the company to the stock exchanges.
In the September quarter, Jindal Steel's sales breached the two million tons mark for the first time ever in a given quarter. The company's exports boosted the sales with the share of exports rising to more than 40 per cent in the second quarter - from 34 per cent in the preceding April-June quarter and 38 per cent in the year-ago period.
The company's steel production also increased to 1.93 million tonnes in the July-September quarter, recording a growth of five per cent year-on-year. The inventory levels declined as the sales volume surpassed the production for the third consecutive month in September 2021, according to Jindal Steel's statement.
