JSW Steel post 22% growth in crude steel production

JSW Steel Limited posted a 22% growth on comparable basis in crude steel production in Q1 FY 2008-09 including production of Salem works for corresponding period. The Company has also achieved 18% growth in Rolled long products segments.

The break-up of production is as below:

The production of HR Coils was lower mainly on account of shutdown of Hot Strip Mill for 17 days for modernization during June’08. The Hot Strip Mill, after revamp, was re-commissioned on 29^th June’08 with enhanced capacity successfully upto 3.2 MTPA.

The Company has also commissioned 1^st block of Coke Ovens (56 ovens) on 27^th June’08 out of four blocks. The balance three blocks are also in an advanced stage of commissioning. These blocks are scheduled to be commissioned over the next 3 months. On commissioning of these additional Coke Ovens, the self-sufficiency of Coke will increase to 75% in FY 08-09 against 60% in FY 07-08.

The expansion project to increase the capacity to 6.8 MTPA at Vijayanagar works is progressing satisfactorily and is expected to be on stream by 30/09/08.

JSW Steel Ltd., belonging to JSW group, part of the US $ 8 billion O P Jindal Group, is one of the lowest cost steel producers in the world.  The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology.  JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, C R Coils, Galvanised products, auto grade / white goods grade CRCA Steel, Bards and Rods.  Incorporated in 1994, it has grown to US $ 3 billion in little over a decade.  JSW Steel Limited has the largest galvanizing production capacity in the country and is the largest exporter of galvanized products with presence in over 74 countries across five continents.

Sourced From: Adfactors Public Relations Pvt Ltd