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JSW Steel’s crude steel production up 22% YoY at 16.67 lakh tonnes in April

Production of flat-rolled products rose 25% to 12 lakh tonne, while that of long-rolled products increased by 5% to 3.54 lakh tonne in April 2022 compared to April 2021

May 10, 2022 / 10:32 AM IST
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  • nselive
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Domestic steel giant JSW Steel reported crude steel production for April 2022 at 16.67 lakh tonne, up 22 percent from 13.71 lakh tonne in April 2021, while the flat-rolled product output increased by 25 percent YoY to 12 lakh tonne, the company has said.

The company's production of long-rolled products saw a growth of 5 percent to 3.54 lakh tonne, as against 3.37 lakh tonne in April 2021.

JSW Steel has also said it has started receiving power from renewable sources for Vijaynagar works since April under a long-term PPA signed with JSW Energy.

The roadmap for the next phase of growth includes a target of 37.5 MTPA steel capacity by FY25, JSW Steel said in a filing to BSE.

At 10.18 am, JSW Steel was trading at Rs 667, down Rs 10.90, or 1.61 percent, on the NSE.

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Moneycontrol News
first published: May 10, 2022 10:32 am
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