JSW Steel posts 25 pc growth in Crude Steel prodn

Mumbai, Feb 2: JSW Steel Ltd has announced robust growth of 25 per cent in steel production in January this year.

The Crude steel production at 2.58 lakh tonnes was higher by 25 per cent over January 2006, while the HR Plate production (0.17 lakh tonnes) showed a growth of 144 per cent and the HR Coil production (2.33 lakh tonnes) jumped by 20 per cent, the company's release said here today.

This strong growth in production is attributable to capacity enhancement carried out by the Company during the FY 2006-07.

The production in Pellet plant and Galvanising facilities in January 2007 was lower compared to January 2006.

The JSW group, part of the USD 4 billion O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases and port facilities.

The Company is engaged primarily in manufacture of flat products viz H R Coils, C R Coils, Galvanised products and auto grade/ white goods grade CRCA Steel. Incorporated in 1994, it has grown to USD 1.6 billion in little over a decade. It has the largest galvanizing production capacity in the country and is the largest exporter of galvanized products with presence in over 74 countries across five continents.

UNI