Jindal Steel & Power (JSPL) added 1.79% to Rs 389.45 after the company posted its highest ever production and sales figure for FY21.JSPL ended the fiscal year on a strong note with sales hitting a new record of 786,000 tonnes in FY 2021, up 61% year on year. JSPL said that combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21.
The steel maker said it production has comfortably crossed the 2 million tonnes mark for the first time. JSPL reported a 34.4% jump in production to 2.07 million tonnes in Q4 March 2021 from 1.54 million tonne reported in Q4 March 2020. The company's production in March 2021 rose 21% YoY to 730,000 tonnes.