Ebene Magazine – JSW Steel output grows 6 pc in Q4; registers 6 pc fall in FY21 en

0
9

JSW Steel on Thursday reported nearly 6 per cent year-on-year increase in its output at 4.19 million tonne (MT) for the quarter ended March 31, 2021.

In a statement, the JSW Group company said it had produced 3.97?MT steel during the same quarter of financial year 2019-20. During January-March 2021, the company’s production of flat rolled products rose by 4 per cent to 2.99 MT, from 2.87 MT in the year-ago period.

While the output of long rolled products registered a rise of 11 per cent to 1.05 MT, from 0.95 MT in January-March quarter of 2019-20 fiscal.

The company’s average capacity utilisation improved to 93 per cent in the last quarter. In March alone, the capacity utilisation was 96 per cent.

“Even though the average capacity utilisation improved from 66 per cent in Q1 (April-June) to 93 per cent in Q4 (January March), the crude steel production for FY 2020-21 was lower by 6 per cent mainly due to disruption in production caused by the outbreak of COVID-19 in Q1 2020-21,” the company said.

In the financial year 2020-21, the company saw its output falling by 6 per cent to 15.08 MT, as against 16.06 MT in the preceding fiscal. During April-March 2020-21, the company produced 10.87 MT flat rolled products, down 4 per cent from 11.35 MT in the 2019-20 fiscal.

The output of long rolled products also fell by 14 per cent to 3.21 MT from 3.72 MT a year ago.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Related title:
JSW Steel joins Rs 1.5-trillion m-cap club, zooms 57% in a month
JSW Steel output grows 6 pc in Q4; registers 6 pc fall in FY21
JSW Steel Rallies 11% After Production Rises In March Quarter
JSW Steel output up 6% in Q4
JSW Steel output grows 6% in Q4; registers 6% fall in FY21
JSW Steel Q4 production up 6 pc at 4.2 million tonnes
Latest News | BIZ-STOCKS-JSW STEEL JSW Steel Shares Zoom over 9 Pc on Output Growth in Q4
JSW Steel logs crude steel production of 4.19 million tons in 4Q; Stock hits a new all-time high
JSW Steel achieves crude steel production of 4.19 mn tons in Q4FY21
JSW's crude steel output down six percent in FY 2020-21

en

Ref: https://www.financialexpress.com

QU’EN PENSEZ-VOUS?

[comment]

Partners:

Journal D’Afrique (https://www.journaldafrique.com/)

Ebene News (https://www.ebenenews.com/)

PUB

Laisser un commentaire, votre avis compte!

[gs-fb-comments]

Laisser un commentaire, votre avis compte!

Laisser un commentaire, votre avis compte!