By Our Correspondent
NEW DELHI/BHUBANESWAR: Jindal Steel and Power Limited has reorded highest ever quarterly standalone sales of 1.93 million tons in Q2FY21, according to a company filing at Stock exchange. JSPL Q2 sales at 2.41 MT, up 30% YoY; Q2 production at 2.35 MT, up 18% YoY. According to the filing, Standalone steel sales grew by 29% year on year to 1.93 million tons. The Company also reported a 16% year on growth in standalone steel production at 1.84 million tons.The Naveen Jindal led JSPL saw a record 30% year o growth in consolidated steel sales of 2.41 million tons. The JSPL also reported 10% year on year grwoth in consolidated steel production at 2.35 million tons.
Last week, the Steel maker got approval from Railway Ministry for regular rail supplier status for its upcoming and ongoing projects , making JSPL Group the first private company to get such approval from the national transporter. Indian Railways normally gets its rail supplies from public sector entity Steel Authority of India Ltd (SAIL) that makes several railway grade steel at its Bhilai Steel plant. Research Designs & Standards Organisation (RDSO), which works under the ambit of the Railway Board, has approved field performance of UIC 60 kg, 880 Grade prime (Class- A) rails made by JSPL at its Raigarh Plant.
The Combi Caster at JSPL Angul reached its longest ever Casting Sequence of 28 heats (in a single tundish), producing 6829MT of billets last month. Last month, the Naveen Jindal led JSPL had set a record in producing 9079 MT Slabs with a longest sequence of 40 heats with casting duration of 40 hrs 24 mins in a single tundish (single SEN- without tube changer) in slab caster.
JSPL bidding for as many as 4 Coal Blocks and strongly eyeing on big size coal reserve blocks like Chendipada in Angul in Odisha besides it also eyeing on coal blocks in central India, particularly, in Chattisgarh, where the company has also a big plant at Raigarh bordering Odisha.Part of $25 Billion O.P Jindal Group, JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.
