JSW Steel, an integrated steel manufacturer, achieved crude steel production of 4.19 million tons in 4Q FY21, registering a growth of 2% QoQ and 6% YoY.
The company's average capacity utilisation improved from 91% of 3Q FY21 to 93% for 4Q FY21. However, the capacity utilisation during the month of March 2021 was 96%.
For FY2021, the company achieved crude steel production of 15.08 million tons compared to 16.06 million tons in FY2020, recording a drop of 6%.
Even though the average capacity utilisation improved from 66% in Q1 2020-21 to 93% in Q4 2020-21, the crude steel production for FY 2020-21 was lower by 6% mainly due to disruption in production caused by the outbreak of COVID-19 in Q1 2020-21.
Shares of the company gained Rs 29.55, or 5.26%, to trade at Rs 591.85. The total volume of shares traded was 946,692 at the BSE (11.47 a.m., Thursday).
