Jindal Steel & Power (JSPL) has recorded steel production of 6.24 lakh tonnes in October 2021 rising by 7% yoy.
The company had a steel production of 5.85 lakh tonnes during October of the previous year.
However, JSPL’s Steel Sales observed a 1% (Y-o-Y) dip at 5.93 lakh tonnes in October 2021 (6.0 lakh tonnes in October 2020).
JSPL outlined that sales growth lagged production during the month due to lack of rake availability, as the government focused on supplying thermal coal to power plants. Exports accounted for 23% of sales volumes as the Company prioritised domestic demand.
At around 11.47 am, JSPL was trading at Rs388.15 per piece flat compared to the previous closing on Sensex.
The stock has touched an intraday high and low of Rs393.45 per piece and Rs383.15 per piece respectively.