major, Jindal Steel & Power Limited (JSPL) informed the stock exchanges
that the company recorded the highest ever domestic quarterly steel sales &
production in the March quarter 2019.
the aforesaid quarter, the steel company reported a crude steel production of
1.51-mln tonnes, representing 23pc growth on Year-on-Year basis. During the equivalent
quarter of the last year, JSPL had reported a steel production of around
company registered a sales volume 1.45-mln tonnes, a growth of over 20pc from
the previous quarter. The quarterly Sales & production in the fourth
quarter of the previous fiscal were recorded at1.18MT and 1.26MT respectively.
stock of JSPL reacted positively with this development, in the afternoon hours
of trade. The stock which opened at Rs186/per
share moved flat in the morning and later touched an intraday high of Rs190 and
closed at Rs.189.25 up 1.50pc on the NSE, with Nifty closed at 11787-level up
96 points and the Sensex crossed at 39275.65 up 369 points.