Jindal Steel and Power ltd (JSPl) on Friday said it steel production grew by a healthy 38 per cent to 1.10 million tonnes in April-June quarter of this fiscal helped by capacity upgrade and better utilisation.
The city-based firm had produced around 800,000 tonnes of crude steel and direct reduced iron (sponge iron) during the same quarter of 2014-15, it said in a BSE filing.
Commenting on the performance, JSPl's Group CEO and Managing Director Ravi Uppal said: "This performance speaks about the company's competence to perform in any situation. We achieved this on the back of capacity upgrade at our plants as well as better utilisation of our existing resources."
The conglomerate's production facilities at Angul (Odisha), Raigarh (Chhattisgarh) and Sohar (Oman) performed at optimum levels, which led to higher production of crude steel and sponge iron.
During the January-March quarter, JSPl's crude steel production rose by 45 per cent to 1.1 MT compared to the same quarter of 2013-14. Production of sponge iron rose by 18 per cent to 0.87 MT during the same period.