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

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New Delhi | Published: July 3, 2017 3:49:25 PM

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.

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 informationJSWSPCL 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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