JSW Steel Ltd. reported May crude steel production of 10.13 lakh tons, higher by 40 percent than the 7.24 lakh tons in the corresponding month a year-ago.
During the month, Rolled products-flat production was 8.06 lakh tonnes, up by 57 percent from the 5.12 lakh tones in May last year, while Rolled products-long was 1.68 lakh tonnes, compared with 1.49 lakh tonnes in May 2012, reflecting a 13 percent growth.
The company said the production numbers for May 2012 did not include the production from Dolvi unit, as the appointed date for the scheme of amalgamation and arrangement was July 01, 2012.
The company further stated that the composite scheme of amalgamation and arrangement amongst the company, JSW Ispat Steel ltd. and JSW Building Systems Ltd., JSW Steel coated Product Ltd. and their respective shareholders and creditors was sanctioned by the Bombay High Court and the scheme become effective June 01, 2013.
At the BSE, JSW Steel shares are currently trading at Rs.691.80, up 1.01 percent from the previous close.
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