JSW Steel reports 62% y-o-y jump at 4.93 mt in Q1 FY22
Steel

JSW Steel reports 62% y-o-y jump at 4.93 mt in Q1 FY22

Steel manufacturing major JSW Steel reported a 62% increase in crude steel production for the first quarter of the fiscal year, totalling 4.93 million tonne (mt), compared to the same period the previous year.

According to the company, the combined crude steel production of the JSW Group was 5.07 million tonnes, a 65% increase year on year. This includes the jointly controlled entities Bhushan Power and Steel Ltd and JSW Ispat Special Products Ltd.

Crude steel production was around 4.37 million tonnes in the previous quarter. The company's newly acquired steel business reported 0.69 million tonnes of production in the first quarter of FY22.

The subsidiary of JSW Group reported that capacity utilisation for its India operations was 91% in the first quarter, down from 93% in the previous quarter, as the company delivered over 65,000 tonnes of liquid medical oxygen.

JSW Steel USA produced 0.14 million tonnes during the first quarter.

JSW Steel Ohio told the media that the electric arc furnace was restarted in March 2021 after refurbishment and capacity was increased.

Image Source


Also read: Crude steel output of Tata Steel surges over 43%, sales by 35%

Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt

Steel manufacturing major JSW Steel reported a 62% increase in crude steel production for the first quarter of the fiscal year, totalling 4.93 million tonne (mt), compared to the same period the previous year. According to the company, the combined crude steel production of the JSW Group was 5.07 million tonnes, a 65% increase year on year. This includes the jointly controlled entities Bhushan Power and Steel Ltd and JSW Ispat Special Products Ltd. Crude steel production was around 4.37 million tonnes in the previous quarter. The company's newly acquired steel business reported 0.69 million tonnes of production in the first quarter of FY22. The subsidiary of JSW Group reported that capacity utilisation for its India operations was 91% in the first quarter, down from 93% in the previous quarter, as the company delivered over 65,000 tonnes of liquid medical oxygen. JSW Steel USA produced 0.14 million tonnes during the first quarter. JSW Steel Ohio told the media that the electric arc furnace was restarted in March 2021 after refurbishment and capacity was increased. Image Source Also read: Crude steel output of Tata Steel surges over 43%, sales by 35% Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt

Next Story
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000