Jindal Steel & Power posted 5% Y-o-Y rise in Steel Sales during May 2022

Notwithstanding challenging demand conditions and constant issues faced with regards to railway rake availability, JSP did well to report a 5% Y-o-Y increase in steel sales in the month of May 22. Monthly steel production was also up by a modest 1% (Y-o-Y). Exports accounted for 21% of steel sales for the May month

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Key Highlights about the Performance :

  1. Steel sales of 5.25lakh tonnes increased 5% Y-o-Y in May
  2. Production of 6.98 lakh tonnes were marginally higher Y-o-Y
  3. Exports accounted for 21% of sales in May 22

Notwithstanding challenging demand conditions and constant issues faced with regards to railway rake availability, JSP did well to report a 5% Y-o-Y increase in steel sales in the month of May 22. Monthly steel production was also up by a modest 1% (Y-o-Y). Exports accounted for 21% of steel sales for the May month. In Apr-May period, JSP reported steel sales of 9.91 lakh tonnes and production of 13.76 lakh tonnes. Exports accounted for 18% of the sales in the first two months of FY23.

Shares of Jindal Steel & Power Ltd was last traded in BSE at ₹348.10 as compared to the previous close of ₹350.35. The total number of shares traded during the day was 194181 in over 3819 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 358.60
  • Intraday low of ₹ 346.65