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JSPL steel output grows 6 per cent in August; sales up four per cent

During the month, its sales volume also increased by 4 per cent y-o-y to 7.1 lakh tonne, Jindal Steel and Power Limited (JSPL) said in a statement.

Published: 07th September 2021 12:15 PM  |   Last Updated: 07th September 2021 12:15 PM   |  A+A-

JSPL chairman Naveen Jindal

JSPL chairman Naveen Jindal (File Photo | EPS)

By PTI

NEW DELHI: Steelmaker JSPL on Tuesday said its steel production increased 6 per cent year-on-year to 6.6 lakh tonne in August.

During the month, its sales volume also increased by 4 per cent y-o-y to 7.1 lakh tonne, Jindal Steel and Power Limited (JSPL) said in a statement.

"JSPL's sales increased to 7.1 lakh tonnes, up 4 per cent y-o-y. Production stood at 6.6 lakh tonnes, up 6 per cent y-o-y," the statement said.

Notwithstanding subdued construction activities due to the ongoing monsoons in August, the company has maintained strong momentum in sales and production, it added.

JSPL Managing Director (MD) V R Sharma said, "We hope the domestic demand will rebound sharply once the monsoon season is over. The government of India is pushing its infrastructure projects and this will help steel players to ride the growth momentum".

Part of O P Jindal Group, JSPL has a presence in steel, power and mining sectors.

The company has investments worth Rs 90,000 crore across the globe.



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