Jindal Steel's Production Rise In March Quarter

In 2021-22, the company produced a record 8.1 million
tonnes of steel while sales were at a record 7.63 million tonnes.

Despite several challenges throughout the financial year, JSPL managed to meet its production guidance breaching the 8 million tonnes mark for the first time. For the fifth consecutive year, JSPL has also posted spectacular growth in annual steel sales on a year-on-year basis, the statement said.

JSPL Managing Director V R Sharma said, "we aim to produce more than 9 million tonnes in 2022-23. Our Angul plant expansion is on track and we expect to reach more than 15 million tonnes capacity by 2024-25. The company has significantly enhanced its raw material supply after winning four new coal blocks recently".

As part of its expansion, the company has plans to set up a coal gasification plant to manufacture steel through gasification technology.