Jindal Steel and Power reported a 12% QoQ rise in their standalone steel sales for Q1FY21, standing at 1.56 MT against 1.4 MT of sales. The consolidated sales stood at 2.07 MT for Q1FY21 vs 1.93 MT in Q4FY20, a rise of 7.2% QoQ while Consolidated steel sales stood at 1.84 MT for Q1FY20, a
rise of 12.5% YoY.
The production saw an all-time monthly as well as quarterly high at 626 KT and 1.76 MT respectively. Of the overall sales of the company, export sales stood at 900 KT, constituting 58% of all sales for Q1FY21.
Consolidated production stood at 2.03 MT for Q1FY21 vs 2.11 MT for Q4FY20, a decline of 4% QoQ, while the production stood at 1.85 MT for Q1FY20, a rise of 9.7% YoY.
Mr. VR Sharma, Managing Director, JSPL said that the company was able to export over 1 million tonnes over the last 100 days. The company plans to increase its domestic business by import substitution of value-added steel products catering to requirements of Indian Railways, Defence,
Shipbuilding, Oil & Gas, and others.
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