JSW Steel Group logs 5.88 million tonne Crude Steel Production in Q1FY23; stock marginally up

JSW Steel Limited reported 5.88 million tonnes of mixed crude metal manufacturing for Q1FY23, a 16% improve on a year-on-year foundation, together with manufacturing at collectively managed entities.

JSW Metal Indian Operations reported a decline of two% QoQ at 5.62 million tonne manufacturing in Q1FY23 as towards 5.71 million tonnes within the quarter ended March 2022. Additional, on a yoy foundation, it registered a progress of 37% towards Q1FY22 at 4.10 million tonnes.

Manufacturing of Indian Operations together with Joint Management stood at 5.72 million tonnes within the quarter below overview as towards 5.88 million tonnes within the earlier quarter, registering a decline of three% QoQ, and a progress of 16% on yoy foundation.

Because of the preponement of sure scheduled shutdowns in the course of the fiscal yr 2022-23, crude metal manufacturing was decrease sequentially.

JSW Metal is the flagship firm of the US$ 22 billion JSW Group. JSW Group, certainly one of India’s main enterprise conglomerates, can also be concerned in vitality, infrastructure, cement, paints, sports activities, and enterprise capital.

At round 1.43 PM, JSW Metal was buying and selling at Rs557.55 up by Rs2.4 or 0.43% from its earlier closing of Rs555.15 on the BSE. The scrip touched intraday excessive and low of Rs562.55 and Rs551.70 respectively.