JSW Steel, led by Sajjan Jindal, said on Tuesday that its consolidated crude steel production increased by 5%, reaching 24.39 lakh tonnes in November. The growth underscores the company’s sustained expansion and resilience in the fiercely competitive steel industry, reinforcing its status as a leading force in the nation’s infrastructure sector.
JSW Steel reported in a filing to the BSE that the company’s crude steel production for the same month in the previous fiscal year was 23.23 lakh tonnes. The production from its Indian operations rose by 5%, reaching 23.61 lakh tons for the month.
The company reported that capacity utilisation at its Indian operations was 84%, reflecting a decrease due to the shutdown of a blast furnace at its Vijayanagar facility for capacity upgrades. JSW Steel is the flagship company of the diversified JSW Group, a global conglomerate with a turnover of $23 billion.
