Jindal Steel and Power (JSPL) has clocked production and sales of over 4.8 Million Tonne (MT) in FY 2016-17. The company’s Q4FY17 consolidated steel production stood at 1.3 MT, recording 12.3% Quarter-on-Quarter rise, while Q4 consolidated steel sales stood at 1.34 MT, recording 11.2% Quarter-on-Quarter rise.
Jindal Shadeed Oman clocked highest ever production and sales, by recording an over 20% rise in production and over 17% rise in sales. Jindal Shadeed produced over 1.33 MT of steel and recorded sales of over 1.31 MT during FY 2016-17. On Q4 basis, Jindal Shadeed Oman recorded over 20% increase in annual production and sales volumes grew by 18%.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.