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The company's total production from its plants in India was at 7.27 lakh tonne (LT) in December, up from 5.59 LT during the same month in 2019, JSPL said in a statement. ....
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JSPL stock to outperform peers amid falling debt and rising steel demand Steel prices in India have risen rapidly and are trade nearly 50% higher year-on-year at Rs 58,000-Rs 60,000 per tonne or $800 per tonne while global prices are above $1,000 per tonne. Synopsis The sale of Oman assets is likely to reduce the debt by Rs 5,400 crore. This together with strong internal accruals owing to higher steel prices and sales volume may result in Rs 22,000 crore of debt for FY21 compared with Rs 35,900 crore in the previous fiscal year. ET Intelligence Group: The stock of Jindal Steel and Power (JSPL) has outperformed peers including Tata Steel and SAIL over the past month following a sustained trend in global steel demand. This is expected to continue given the completion of the sale of its steel assets in Oman, is expected to strengthen its balance sheet further by reducing debt and improving cash flow. ....
JSPL has room for growth despite record production, sales in FY21: VR Sharma, MD SECTIONS Last Updated: Apr 06, 2021, 04:48 PM IST Share Synopsis With little changes in the system, in the product mix and in the overall strategy, we will be in a position to reach to 9 million tonne. This is what we are expecting in the year 21-22. Agencies For further extension or further increase in production, without spending or putting any capex, we feel that we will be in a position to deliver about 9 million tonne from our plants and that is the ultimate goal, said Steel prices are strong as ever, but tell us what kind of realisations have you been seeing, on long products especially? Have we seen a full recovery from the February blip? ....
Explore Now For further extension or further increase in production, without spending or putting any capex, we feel that we will be in a position to deliver about 9 million tonne from our plants and that is the ultimate goal, said Steel prices are strong as ever, but tell us what kind of realisations have you been seeing, on long products especially? Have we seen a full recovery from the February blip? Worldwide, the steel industry has been passing through a different time. You see after the lockdown was lifted, the entire world started working to recover their losses. Europe was down for four to five months, the American industry was also down for three to four months, so is the steel industry in Korea, Japan and also in other South-Eastern Asian countries. China was down in the month of December, January and February, but from March they started seeing V-shape recovery. This is what India needs to do now. India was also down in the first quarter April, May, June and ....