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The steel manufacturer said that its November 2021 steel sales were lower by 5% year on year at 5.39 lakh tonnes due to non-availability of Indian Railway rakes on demand. On a sequential basis, sales declined 9% from 5.93 lakh tonnes units sold in October 2021.
“We are gearing up to achieve our annual target of 8.0-8.2 Million tonnes of Steel production. We are confident we will achieve the overall targets”, said Mr V R Sharma, Managing Director, JSPL in a statement.
JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.
On a consolidated basis, JSPL's net profit (from continued operations) jumped 188.08% to Rs 2,583.90 crore on a 67.04% surge in total revenue from operations to Rs 13,611.71 crore in Q2 FY22 over Q2 FY21.
Shares of JSPL were trading 1.9% higher at Rs 375 on BSE in early trade.
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