JSW Steel's Q2 crude steel production up over 22% to nearly 4 MT

JSW Steel has reported over 22% growth in its crude steel production for the July-September quarter of the fiscal year 2016-17 (FY17).

The company's total crude steel production during the second quarter (Q2) of FY17 grew up by 22.46% to 3.98 million tonnes (MT) as against 3.25 million tonnes (MT) in the corresponding quarter of FY16, JSW Steel said in a filing to the BSE on Monday. 

Its flat-rolled steel products output during the period rose up by 11.28% to 2.86 MT as compared to 2.57 MT in the same period of last fiscal, it said. 

Its long-rolled steel products output during the quarter surged up by 23.45% to 0.79 MT as against 0.64 MT in the corresponding quarter of previous fiscal. 

JSW Steel is a part of the diversified $11 billion (nearly Rs 73,180.3 crore) JSW Group, which has presence in steel, energy, infrastructure, cement, among other sectors. 

Meanwhile, in a separate filing to the stock exchange on Monday, JSW Steel has announced that it will consider sub-division of the company's equity shares in the Board of Directors meeting on October 27 this year.  

The stock of the company was at 52-week high at Rs 1,886.50 on September 8 this year. 

 At 11:20 hours, the stock of JSW Steel was trading up 1.12% or Rs 19.90 at Rs 1,794.55 on the BSE.  

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