Despite facing several challenges throughout FY22, JSP managed to meet its production guidance; breaching the 8 million tonne mark for the first time. For the fifth consecutive year, JSP has posted spectacular growth in annual Steel sales on a year on year basis. In FY22 as well a new annual record has been established with 7.63 mt of Steel sales (5.03% Y-o-Y). Exports accounted for 33% of sales in March; in line with the FY22 share.
Key Highlights:
œ Steel production and sales hit a record of 8.01mt and 7.63mt respectively in FY22. œ Q4 sales increased by 8% Y-o-Y to 2.07mt; production up 2% Y-o-Y to 2.11mt. œ Steel sales marked a new record of 0.79mt in March 22. œ Exports accounted for 33% of sales in March 22 as well as in FY22.
