OREANDA-NEWS. JSW Steel Limited reports Crude Steel production for Q2 FY 2013-14, at 2.98 million tonnes showing a growth of 37%.

The break-up of production is as below:

Particulars

2Q FY'14

2Q FY'13 (Reported)

2Q FY'13 (Pro forma)*

Growth

Reported

Pro forma

Crude Steel (MnT)

2.98

2.17

2.82

37%

6%

Rolled Products : Flat (MnT)

2.45

1.45

2.07

69%

18%

Rolled Products : Long (MnT)

0.46

0.45

0.45

3%

3%

re-classified for the purpose of comparison after giving effect to the Scheme of Amalgamation and Arrangement

The Company took shutdown of one of its Corex furnaces for relining and capacity enhancement during the quarter and the same has recommenced production from 12th September 2013.

The Company achieved Crude Steel production of 5.84 million tonnes in the first half of FY 2013-14, showing a growth of 35% (on Pro forma basis 3%) over corresponding period of last year.

JSW Steel Ltd., belonging to the JSW group, part of the 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, port facilities, aluminum, cement and information technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, CR Coils, Galvanised products, Galvalume products, Colour coated products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about USD 11 billion in little over fifteen years. JSW Steel Limited is one of the largest producers and exporters of coated flat products in the country with presence in over 100 countries across five continents.