1. JSW Steel’s arm registers 12 per cent growth in FY’17

JSW Steel’s arm registers 12 per cent growth in FY’17

JSW Steel Processing Centres Limited (JSWSPCL) has registered a growth of over 12 per cent by processing 5.41 lakh tonnes of the commodity in 2016-17 fiscal.

By: | New Delhi | Published: July 3, 2017 3:49 PM
steel companies in india, JSW Steel Processing Centres Limited, steel in india, steel firms, JSWSPCL, growth of  JSWSPCL, industry news, latest news, latest updates, latest information JSWSPCL was set up as a steel service centre with an annual slitting capacity of 6.5 lakh tonnes. (Reuters)

JSW Steel Processing Centres Limited (JSWSPCL) has registered a growth of over 12 per cent by processing 5.41 lakh tonnes of the commodity in 2016-17 fiscal. The company, a wholly owned subsidiary of JSW Steel, had processed 4.81 lakh tonnes (LT) of steel in the preceding fiscal. JSWSPCL was set up as a steel service centre with an annual slitting capacity of 6.5 lakh tonnes, JSW Steel said in its annual report for 2016-17. “The company registered a profit after tax for 2016 -17 of Rs 21 crore compared to Rs 14 crore in 2015-16,” it said. The flagship of over USD 11 billion JSW group, JSW Steel is one of India’s leading integrated steel manufacturers with a capacity of 18 mtpa.

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