ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

JSW Steel Q4 production up 6 pc at 4.2 million tonnes

Mumbai (Maharashtra) [India], April 8 (ANI): JSW Steel on Thursday reported crude steel production of 4.19 million tonnes in the fourth quarter (Jaunuary to March), marking a growth of 6 per cent year-on-year.

ANI Apr 08, 2021 11:20 IST googleads

The company has an installed capacity of 18 million tonnes per year.

Mumbai (Maharashtra) [India], April 8 (ANI): JSW Steel on Thursday reported crude steel production of 4.19 million tonnes in the fourth quarter (Jaunuary to March), marking a growth of 6 per cent year-on-year.
In the same period last fiscal, it had reported production of 3.97 million tonnes. In Q3 FY21, the crude steel production totalled 4.08 million tonnes.
The company said its average capacity utilisation improved from 91 per cent in Q3 FY21 to 93 per cent for Q4 FY21.
The production of flat rolled products moved up 4 per cent to 2.99 million tonnes in Q4 FY21 from 2.87 million tonnes in Q4 FY20.
On the other hand, production of long rolled products jumped 11 per cent to 1.05 million tonnes from 0.95 million tonnes in the same period last year.
The company said even though average capacity utilisation improved from 66 per cent in Q1 to 93 per cent in Q4, the crude steel production for FY21 was lower by 6 per cent mainly due to disruption in production caused by the outbreak of Covid-19.
JSW Steel is the flagship business of 12 billion dollar JSW Group with an installed capacity of 18 million tonnes per year.
It is the only Indian company ranked among the top 10 steel producers in the world by World Steel Dynamics for the last 10 consecutive years. (ANI)

Get the App

What to Read Next

Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Kolkata (West Bengal) [India], March 12: Sarbabharatiya Sangeet O Sanskriti Parishad officially commenced its 48th Annual Convocation yesterday, March 11, at the historic Mahajati Sadan, Kolkata. The three-day event, running from March 11 to 13, celebrates the institution's legacy of cultural service and its mission to bridge traditional heritage with a modernized future.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.