JSPL has recorded the highest-ever production and sales in the month of December. Sales are up 25 percent and production is up 30 percent on year-on-year (YoY) basis.

Share Market Live

NSE

“We are going to reach to 7.5 million tonne in this financial year, we are on track. We are short of 2 million tonne now and this will be achieved in Q4,” VR Sharma, MD of JSPL said in an interview with CNBC-TV18.

In terms of price increase, he said, “We don’t go for monthly price increase. We watch the prices and we keep on correcting upward or downward during the month. Also, the price increase in the month of January depends upon the iron ore prices. We are watching NMDC prices, if they go up for the iron ore then definitely prices will go up, if NMDC does not increase the prices then the prices will not go up.”

Domestic demand is very high, he said. “Most of the people in steel industry are aiming for the Indian products to meet out the demand from the domestic customers. So our exports are going down,” he mentioned.

The company doesn’t have any plans for the capex as of now he said.

“We have not bid for Uttam Galva yet,” Sharma said.

For more, watch the video...

(Edited by : Bivekananda Biswas)

First Published:Jan 4, 2021 4:12 PM IST