Monday, May 23, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Bhushan Power Steel Adds Capacity To Jsw Steel Operations In Q1

Bhushan Power & Steel adds capacity to JSW Steel operations in Q1

By IANS
Published: Published Date - 02:34 PM, Fri - 9 July 21
JSW USA Ohio restarted Electric Arc Furnace in March 2021 after refurbishing and the capacity is being ramped up, the company said. JSW USA Ohio restarted Electric Arc Furnace in March 2021 after refurbishing and the capacity is being ramped up, the company said.

Mumbai: Aided by its recent acquisition of Bhushan Power and Steel under the insolvency and bankruptcy process, private sector steel major JSW Steel group has registered a 16 per cent QoQ growth in crude steel production at 5.07 million tonnes for Q1 FY’22.

The growth is even higher on a YoY basis at 65 per cent YoY, including the production at jointly controlled entities viz. Bhushan Power & Steel Ltd. and JSW Ispat Special Products Ltd. Last year, production in Q1 suffered due to nationwide lockdown in wake of Covid-19 pandemic.

While JSW reported standalone production of 4.1 million tonne (mt) of crude steel in Q1, BPSL added another 0.69 mt production while JSW Ispat Special Products added another 0.14 mt. The production from JSW Steel USA, Ohio stood at 0.14 mt in Q1.

BPSL came under joint control of JSW Group from March 26, 2021.

The company said that capacity utilization at standalone level was at a lower 91 per cent level in Q1’22 due to shortage of oxygen vis- a-vis 93 per cent in Q4’21, as the Company supplied over 65,000 tonnes of Liquid Oxygen during Q1’22 for medical purposes from the Steel Complexes of the Company across India.

JSW USA Ohio restarted Electric Arc Furnace in March 2021 after refurbishing and the capacity is being ramped up, the company said.

  • Follow Us :
  • Tags
  • bankruptcy process
  • Bhushan Power & Steel Ltd
  • JSW Group
  • JSW Steel operations

Related News

  • JSW Steel pays Rs 19,350 cr to financial creditors of Bhushan Power & Steel

Latest News

  • Millie Bobby on the character growth of Eleven from ‘Stranger Things’

    10 mins ago
  • May go for rate hike in June: RBI Governor

    17 mins ago
  • Storm in Canada kills 8, leaves thousands without power

    37 mins ago
  • Naga Chaitanya discovers the best way to commemorate ‘Manam’ journey

    51 mins ago
  • Rotary Club of Secunderabad Icons orgainses annual event 

    52 mins ago
  • Chandrababu demands Jagan govt to slash taxes on fuel

    1 hour ago
  • Congress party workers join TRS in Andole

    1 hour ago
  • Australian Ariarne Titmus breaks 400m freestyle world record

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam