Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian Railways
34.1 C
Delhi
Sunday, July 14, 2024
Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian Railways

JSPL posts highest ever production & sales in FY 2020-21

Date:

Share post:

NEW DELHI, DELHI, Metro Rail News: Jindal Steel and Power Limited (JSPL) has ended the fiscal year on a strong note with sales hitting a new record of 786,000 tonnes in Mar’21 (up 61% y-o-y). A combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and a wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21. With
Mar’21 production also rising by 21% y-o-y to 730,000 tonnes, 4QFY21 production has comfortably crossed the 2 million tonnes mark for the first time ever (2.07 mt). The company’s operations have displayed resilience in the face of the pandemic, posting the highest ever production and sales in FY21 of 7.51mt (+19% y-o-y) and 7.28mt (+20% y-o-y) respectively. Exports accounted for 35% of sales in FY21 compared to 13% in the prior year.

image 1
JSPL posts highest ever production & sales in FY 2020-21 3
image
JSPL posts highest ever production & sales in FY 2020-21 4

In Million tonnes Q4FY21 Q4FY20 FY21 FY20 Production 2.07 1.54 7.51 6.30 Sales 1.91 1.39 7.28 6.06 Exports (% of sales) 27% 15% 35% 13% “We are proud of our team for producing 7.51 million tons 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 firmly remain committed to contributing to an Aatmanirbhar Bharat. We will continue to work towards our target of 15:15:50, i.e., 15,000 Cr EBITDA: 15,000 Cr Net Debt: 50,000 Cr Gross Turnover,” said Mr V R Sharma, Managing Director, JSPL.

Rajat Khanna
Rajat Khannahttp://www.metrorailnews.in
Completed Graduation in Journalism & Mass Communication from IP University, Currently working as an Associate Editor in Metro Rail News.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Related articles

Navi Mumbai Metro: A Look Back at Line 1 and Lessons Learned

Introduction Navi Mumbai, as evident by its name itself, is a newly planned & developed city situated in the...

Transforming Lucknow: The Rise of the Metro

Lucknow, the City of Nawabs, enchants with its rich tapestry of history and contemporary charm. Nestled on the...

Shri Anil Kumar Khandelwal Inspects Ongoing Work at Pamban Bridge 

Ramanathapuram (Metro Rail News): During a two-day visit to Southern Railway, Anil Kumar Khandelwal, Member (Infrastructure) of the...

Kolkata Metro: Construction of 170m Long D-Wall completed at Victoria Metro Station

Kolkata (Metro Rail News): The construction work of Victoria Metro Station is progressing swiftly. Recently, The L&T team...