Jindal Steel and Power Limited (JSPL) reported highest ever production and sales in FY 21 of 7.51 million tonne up 19% YoY and 7.28 million tonne up 20% YoY respectively. Exports accounted for 35% of sales in 2020-21 compared to 13% in 2019-20.
Production in Q4 of FY 2020-21 jumped 34.4% to 2.07 million tonne from 1.54 million tonne reported in FY20 while the sales rose 38% YoY to 1.91 million tonne.
JSPL sales hit a new record of 786,000 tonnes in FY 2021, up 61% year on year. The company production also rose 21% YoY to 7,30,000 tonnes.
Mr VR Sharma, JSPL Managing Director said “We are proud of our team for producing 7.51 million tonnes of steel in this financial year marred by the global pandemic. This remarkable growth during the most challenging time period has been possible due to our firm belief in the India growth story, our focus on creating opportunities in adversity and the dedication of each & every member of the JSPL family. We will continue to work towards our target of 15:15:50, ie INR 15,000 crore EBITDA: INR 15,000 crore Net Debt: INR 50,000 crore Gross Turnover.”
Jindal Steel and Power Limited (JSPL) reported highest ever production and sales in FY 21 of 7.51 million tonne up 19% YoY and 7.28 million tonne up 20% YoY respectively. Exports accounted for 35% of sales in 2020-21 compared to 13% in 2019-20.
