Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during April-June quarter in the midst economic crisis triggered by coronavirus pandemic.
The company’s stand-alone steel production (including pig iron) grew 8 per cent quarter-on-quarter (q-o-q) during Q1 FY’21 while it recorded a 12 per cent growth (q-o-q) in sales volumes during the period.
The sales volume in the quarter stood at 16,70,000 tonne which includes highest ever steel production of 6,26,000 tonne in June.
Impacted by Covid-19 induced lockdowns, several steel companies have been forced to go in for production cuts due to fall in sales.
