JSPL's crude steel output remains flat during April; export contributes 74% of total sales volume

JSPL said the outbreak of pandemic began impacting economic activity by the third week of March, leading to the announcement of the nationwide lockdown.

|May 05, 2020, 17:46:34 IST

New Delhi: Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6.5 lakh tonne (LT) during April 2020.The company had produced similar amount (6.5 LT) of crude steel during the same month in 2019.In April this year, its consolidated sales also reduced by 29 percent to 4.55 LT from 6.42 MT in the corresponding period a year ago.[caption id="attachment_5154751" align="alignleft" width="380"]

Representational image. Reuters.[/caption]The company said the outbreak of pandemic began impacting economic activity by the third week of March, leading to the announcement of the nationwide lockdown."However, despite challenging times, JSPL India has reported 5 percent year-on-year growth in the production of steel and granulated pig iron to 5.50 LT during April and export of steel and related products at at 2.48 LT was about 66 percent higher compared to 1.48 LT in April 2019," JSPL said.The export contributed 74 percent of its total sales volume, it said.The company's managing director (MD) VR Sharma had earlier said that as the demand was low in India due to COVID-19, the company is exporting steel to countries like Vietnam, Saudi Arab, Thailand and Europe which had placed orders with JSPL.The steel firm further said the blast furnace at its Angul plant has recorded the highest ever production of 2.98 LT of hot metal during April, while it maintained an average production of 10,000 tonne on a work-day basis.Part of $25 billion OP Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors.

10,000 steps a day is not enough: Top doctor explains the role of timing

Walking 10,000 steps a day is beneficial, but experts say timing matters. Short walks after meals and breaking up long periods of sitting may be more effective for blood sugar control and overall metabolic health

3 min read

What happens when you stop drinking tea for 30 days? Doctor explains the effects

Thinking of quitting tea for a month? Experts explain how cutting out caffeine can affect your body, from withdrawal symptoms in the first week to better sleep and improved iron absorption over time.

2 min read

Stroke is rising among young adults. Doctor explains why it's happening and what you must do

Stroke is increasingly affecting adults in their 30s, 40s and 50s. Experts say unhealthy lifestyles, undiagnosed high blood pressure and delayed treatment are driving the rise in younger stroke cases

3 min read

Stroke in young adults, silent symptoms and late diagnosis: India's growing brain health challenge

Neurologists warn that stroke is increasingly affecting people in their 30s and 40s, while many brain disorders progress silently before symptoms appear. They say early diagnosis, timely referrals and healthier lifestyles are key to reducing India's growing neurological disease burden.

5 min read

Brain tumours aren't always fatal, but delayed diagnosis can be: Experts explain the key warning signs

Brain tumours are frequently mistaken for common headaches, stress or age-related cognitive changes. Doctors say recognising warning signs early and adopting a brain-healthy lifestyle can improve outcomes and reduce the risk of long-term neurological complications.