Jindal Steel & Power posts 36% rise in domestic crude steel production in Q1

New Delhi: Private steel maker JSPL on Tuesday reported a 36 percent rise in the domestic crude steel production to 1.23 million tonnes (MT) for the quarter ended 30 June. [caption id=“attachment_3997037” align=“alignleft” width=“380”] Representational image. Reuters.[/caption] The company had clocked production of 0.90 million tonnes in the year-ago period. “JSPL also recorded a 46 percent growth in domestic sales during first quarter of 2018-19 to 1.18 million tonnes, up from 0.81 million tonne in the first quarter of the previous fiscal,” Jindal Steel and Power (JSPL) said in a statement. In India, the company has two integrated steel plants in Raigarh and Angul. JSPL had posted quarterly crude steel production at 1.26 million tonnes as of 31 March, 2018.