Latest News | JSPL Steel Output Grows 6 Pc in August; Sales Up 4 Pc

New Delhi, Sep 7 (PTI) Steelmaker JSPL on Tuesday said its steel production increased 6 per cent year-on-year to 6.6 lakh tonne in August.

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

Also Read | WhatsApp To Let Users Hide Their Online Status Soon: Report.

"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.

Also Read | Vivo Y21s With 5,000mAh Battery & Triple Rear Cameras Launched.

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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)