JSPL steel output grows 6 pc in August, sales up 4 pc

During the month, its sales volume also increased by 4 per cent y-o-y to 7.1 lakh tonnes, Jindal Steel and Power Limited (JSPL) said in a statement.

"JSPL's sales increased to 7.1 lakh tonnes, up 4 per cent y-o-y. Production stood at 6.6 lakh tonnes, up 6 per cent y-o-y," the statement said.

Notwithstanding subdued construction activities due to the ongoing monsoons in August, the company has maintained strong momentum in sales and production, it added.

JSPL Managing Director (MD) V R Sharma said, "We hope the domestic demand will rebound sharply once the monsoon season is over. The government of India is pushing its infrastructure projects and this will help steel players to ride the growth momentum".

Part of O P Jindal Group, JSPL has a presence in steel, power and mining sectors.

The company has investments worth Rs 90,000 crore across the globe.