Jindal Steel Production Up 20% In June Quarter

INSUBCONTINENT EXCLUSIVE:
higher by more than two per cent on Wednesday, July 7, after the company announced that its production in the April-June quarter of the
current fiscal increased 20 per cent year-on-year
On Wednesday, Jindal Steel opened on the BSE at Rs 393, swinging to an intra day high of Rs 402.60 and an intra day low of Rs 384.30, during
the trading session
The leading steel major reported that its output in the first quarter stood at a record 2.01 million tonnes, despite challenges posed by
COVID-induced lockdown restrictions.The company's steel production in the corresponding quarter last year stood at 0.64 million tonnes
production ever.Jindal Steel and Power's sales stood at 1.61 million tonnes during the quarter, marking a three per cent growth
year-on-year
removed, said Jindal Steel in its statement
The company has a dominant presence in power, infrastructure, mining, and steel sectors.On the NSE, Jindal Steel opened at Rs 393,
registering an intra day high of Rs 402.60 and an intra day low of Rs 384.05, during the session today
Shares of Jindal Steel settled 2.33 per cent higher at Rs 400.10 on the BSE.