Jindal Steel & Power (JSPL) has recorded Highest Ever First Quarter Domestic Steel Production during April-June 2018. The domestic crude steel production at JSPL's integrated steel plants at Angul and Raigarh during the quarter April-June 2018 clocked a record 1.23 million tonnes, i.e. a rise of 36% from 0.90 million tonne, a year ago.

JSPL also recorded a 46% growth in domestic sales during Q1 2018-19 to 1.18 million Tonnes, up from 0.81 million Tonne in Q1 of the previous fiscal. The 9 MTPA Pellet Plant also recorded its highest ever production during the month of June 2018, bettering all its previous records.

On the global front, Jindal Shadeed - JSPL's subsidiary in Oman, also recorded the best ever quarter in its history, clocking its highest ever crude as well as finished steel production and sales during April-June 2018. On June 24th, 2018, Jindal Shadeed's 1.5 MTPA Bar Mill-the largest in the world, set a new world record of highest single day production of over 5000 Metric Tonnes by any Bar Mill world over.

''JSPL is on course to translate its blueprint for enhancing capacity utilizations and efficiencies across all its steel plants. While the ramp up at our 6 MTPA steel plant at Angul is on desired trajectory, the steel plant at Raigarh has set new benchmarks of exceeding excellence,'' NA Ansari, CEO, Steel Business, JSPL said. ''We are confident of further accelerating the growth momentum, both in production as well as sales, in the forthcoming quarters to record FY 2018-19 as the best ever year in JSPL’s history,'' he added.

Shares of the company gained Rs 4, or 1.93%, to trade at Rs 211.00. The total volume of shares traded was 175,540 at the BSE (9.38 a.m., Tuesday).