Jindal Steel & Power (JSPL) reported a sharp recovery in steel sales in the month of July 21, returning back to its growth path. Steel sales were up 5% Y-o-Y and surged 21% M-o-M to 6.7 lakh tonnes as compared to 6.4 lakh tonnes during the same month in the previous year.
JSPL reports monthly steel production of 6.5 lakh tonnes, up 8% Y-o-Y as compared to 6.03 lakh tonnes during the same month in the previous year.
Exports accounted for more than 40% of the total sales volumes due to high spot demand from international markets.
At 09:57 hrs Jindal Steel & Power was quoting at Rs 417.85, up Rs 1.95, or 0.47 percent on the BSE.
News Source:- Moneycontrol