Up to date: Dec 11, 2020 22:53 IST
New Delhi [India], December 11 (ANI): Metal producer Jindal Metal & Energy Restricted (JSPL) has reported a year-on-year progress of 15 per cent in standalone steel production with 6,14,000 tonnes in November 2020 as in comparison with 533,000 tonnes a yr in the past throughout the identical interval.
The corporate’s standalone sales have additionally risen with 562,000 tonnes in November 2020 as in comparison with standalone sales of 557,000 tonnes within the earlier yr throughout the identical interval.
The export sales contributed to 21 per cent of complete sales volumes in November 2020. The corporate’s exports additionally grew at a fee of 10 per cent (year-on-year) in November 2020.
“Our efficiency is in step with the India progress story. Home metal demand is rising within the second half of fiscal yr 2020-21 and so is JSPL‘s manufacturing. With home markets recovering the corporate is focusing extra on value-added merchandise,” stated VR Sharma, Managing Director, JSPL in an announcement.
“We consider the corporate’s portfolio will witness additional energy within the third and fourth quarters of the present monetary yr,” he added. (ANI)