JSPL's steel production grows 18 pc in February

Jindal Steel and Power Ltd (JSPL) on Friday posted steel production during February at 6.53 lakh tonnes, up 18 per cent from 5.54 lakh tonnes in the year-ago period.

The company also reported 14 per cent growth in shipments at 5.45 lakh tonnes as compared to 4.8 lakh tonnes in February 2020.

Exports accounted for 26 per cent of the total sales volumes, said JSPL in a statement.

"We are on our path of continuous growth month after month and will enhance production further without any new capex in this financial year," said Managing Director V R Sharma.

JSPL is a leading Indian infrastructure conglomerate with a presence in steel, power and mining sectors.

With an investment of 12 billion dollars (about Rs 90,000 crore) across the globe, the company is continuously scaling its capacity utilisation and efficiencies to contribute towards building a self-reliant India.

( With inputs from ANI )