Highlighting 94 per cent capability utilisation at its Indian operations through the third quarter, the steel large’s efficiency aligns with Crisil’s forecast of the Indian steel sector sustaining double-digit development for the third consecutive fiscal yr, projecting an 11-13 per cent enhance year-on-year.
JSW Steel noticed a 9 per cent year-on-year enhance in crude steel production at its Indian operations, reaching 6.63 million tonnes. Meanwhile, its USA-Ohio operations exhibited important development, recording a 191 per cent surge in crude steel production year-on-year, totaling 0.24 million tonnes for the quarter.
(*12*), the corporate reported a consolidated complete revenue of Rs 44,821 crore for the September quarter, showcasing constructive development from the earlier yr.
The firm’s consolidated crude steel production in the second quarter stood at 6.34 million metric tonnes, marking a 1 per cent lower quarter-on-quarter however exhibiting a considerable 12 per cent rise year-on-year.
(With PTI inputs)
