Jindal Steel and Power on Wednesday reported “meaningful recovery” in steel sales, despite low railway rake availability and stressed that sales volume registered a year-on-year growth of 20 per cent to 6.95 lakh tonnes in January this year.
Inventories continued to decline for the second consecutive month with the company posting steel production of 6.82 lakh tonnes.
Sales volume increased 20 per cent year-on-year to 6.95 lakh tonnes, as compared to 5.81 lakh tonnes in January 21, the company said in a statement.
“We have surpassed our targets for the last calendar year, and we are confident that we will also achieve our envisaged targets for the financial year.
