New Delhi [India], August 5 (ANI): Jindal Steel and Power Ltd (JSPL) said on Thursday its sales in July were up 5 per cent year-on-year and 21 per cent month-on-month to 6.7 lakh tonnes.
The sales had totalled 6.4 lakh tonnes during the same month of previous year.
At the same time, monthly steel production was 6.5 lakh tonnes, up 8 per cent as compared to 6.03 lakh tonnes in July last year.
Exports accounted for more than 40 per cent of total sales volumes due to high spot demand from international markets.
“Despite second wave of Covid related disruptions, we are on track to achieve our annual target of 8.25 million tonnes for FY22,” said Managing Director V R Sharma.
“The effective vaccination campaign driven by the government will encourage workers to return to construction sites and help speed up manufacturing, which will likely boost domestic demand,” he said in a statement.
JSPL is an industrial powerhouse with a dominant presence in the steel, power, mining and infrastructure sectors.
Having an investment of USD 12 billion across the globe, the company is continuously scaling its capacity utilisation and efficiencies to capture opportunities for building a self-reliant India. (ANI)
This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Subscribe to our channels on YouTube & Telegram
Why news media is in crisis & How you can fix it
India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.
But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.
ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.