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JSW Steel Ltd's Crude Steel Production at 13.71 lakh tonnes in April 2021 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Tata Steel Long Products announced the Q4 and FY21 production and sales volumes (provisional) figures. The company achieved direct reduced iron production of 226,000 tons and crude steel production of 186,000 tons in Q4 FY21, compared to direct reduced iron production of 213,000 tons and crude steel production of 173,000 tons in Q3 FY21, and direct reduced iron production of 201,000 tons and crude steel production of 156,000 tons in Q4 FY20. For FY21, the company reported direct reduced iron production of 797,000 tons and crude steel production of 648,000 tons compared to direct reduced iron production of 764,000 tons and crude steel production of 584,000 tons in Q4 FY21.
Steel Authority of India (SAIL) jumped 4.12% to Rs 87.25 after the company recorded its best ever quarterly performance in both production and sales during Q4 FY21. The Maharatna PSU's crude steel production rose 6% to 4.55 million tonnes (MT) in Q4 FY21 from 4.31 MT recorded on in Q4 FY20. The company's steel production has improved by 4% as compared to 4.37 MT steel produced in Q3 FY21. SAIL recorded 14% jump in steel sales at 4.27 MT in Q4 FY21 as against 3.74 MT in Q4 FY20. Sequentially, the company's steel sales rose 3% in Q4 FY21 from 4.15 MT in Q3 FY21. Despite the volatility in the market during the year, the determined efforts by the company to improve its volumes saw it clock its best ever annual sales at 14.87 MT, a growth of 4.4% over 14.23 MT during FY20.
JSW Steel posts production at 13 lakh tonnes in Feb ANI | Updated: Mar 11, 2021 10:39 IST Mumbai (Maharashtra) [India], March 11 (ANI): JSW Steel, the flagship business of 12 billion dollar JSW Group, on Thursday reported crude steel production of 13.06 lakh tonnes in February, down by one per cent from 13.2 lakh tonnes in the same month of previous year. The average capacity utilisation was 93 per cent, it said in a statement. The production of flat rolled products totalled 9.27 lakh tonnes in February, down 6 per cent from 9.82 lakh tonnes in the year-ago period. But the production of long rolled products rose dramatically by 10 per cent to 3.4 lakh tonnes in February from 3.08 lakh tonnes the same month last year.
Read more about JSW Steel crude steel production remain flat in February 2021 on Business Standard. Production of flat rolled products declined 6% to 9.27 lakh tonnes in February 2021 over February 2020.
Read more about JSW Steel crude steel production slips 1% in Feb on Business Standard. JSW Steel's crude steel production fell by 1% to 13.06 lakh tonnes in February 2021 compared with 13.20 lakh tonnes in February 2020.
Read more about JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% from last yr on Business Standard. JSW Steel reported crude steel production of 1.3 million tonnes in February, down by 1 per cent from 1.32 million tonnes in the same month of previous year
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On a consolidated basis, the steel major reported net profit at Rs 4,010.94 crore in Q3 December 2020 compared with net loss of Rs 1,228.53 crore in Q3 December 2019.Net sales jumped 11.6% to Rs 38,805.91 crore in Q3 FY21 over Q3 FY20. Pre-tax profit during Q3 FY21 was at 5,582.60 crore as against pre-tax loss of Rs 607.49 crore in Q3 FY20. Tax expense for the quarter soared 572.70% to Rs 1,320.71 crore as against Rs 196.32 crore in Q3 December 2019. The Q3 result was declared post trading hours yesterday, 9 February 2021. Consolidated EBITDA improved 53% QoQ and 161% YoY to Rs 9,540 crore, with improved realization across key entities. The company generated free cash flow of Rs 12,078 crore in Q3FY21, driven by strong operating performance and better working capital management. The company said it continues to prioritize on capital expenditure. It spent Rs 1,394 crore on capex during the quarter. The company has decided to restart work on Pellet plant and Cold Roll Mill complex at Tata Steel Kalinganagar. Both the Pellet plant and Cold Roll Mill complex, once completed, will expand margin.
Read more about JSW Steel crude steel production rises 2% YoY in Jan 2021 on Business Standard. The production of flat rolled products declined 1% to 10.14 lakh tonnes while production of long rolled products rose 5% to 3.59 lakh tonnes in January 2021.