JSPL’s sales rise 10%; production up 16% in Q2FY20October 11, 2019
– Q2 Sales at 1.46 Million Tonnes
– 10% y-o-y growth in Quarterly Sales
– Q2 Production at 1.58 Million Tonnes
– 16% y-o-y growth in Quarterly Production
JSPL Spokesperson: JSPL registered a 16 per cent rise in production in
Q2FY20 to 1.58 million tonnes in its domestic operations, with sales increasing by 10 per cent to 1.46 million tonnes during the same quarter. The quarterly production and sales of steel & related products stood at 1.36 MT and 1.32 MT respectively in the same period last year.
“This has been one of the best quarters for JSPL on the back of strong operating and market performance” said V R Sharma, MD, JSPL, “The company is on track to deliver its highest ever volumes this year and with the ramp up in production at Angul, we are confident of further accelerating the growth momentum in terms of production and
“Now our top priority is to take EBITDA to over 12,000 crores per year on a
consolidated basis and reduce net debt by more than Rs.10,000 crores to below Rs. 30000 crores over the next two years.” He added.
“We are hopeful that at the end of the year we will be able to close the same at around Rs 34,000 crore.” Mr. Sharma reiterates.