Share value of JSW Metal edged decrease by round three per cent on Tuesday, Could 11, after the corporate introduced its metal manufacturing figures for the month of April 2021 earlier right now. On Tuesday, JSW Metal opened on the BSE at Rs 740, witnessing an intra day excessive of Rs 755.60 and an intra day low of Rs 732.60, within the buying and selling session to this point. In line with a regulatory submitting by the agency to the inventory exchanges, JSW Metal reported crude metal manufacturing of 13.71 lakh tonnes in April, witnessing a downturn of 5 per cent month-on-month.
In March 2021, JSW Metal had reported manufacturing of 14.46 lakh tonnes. The corporate’s capability utilisation was decrease sequentially in April 2021, because of the precedence in provide of liquid oxygen amid COVID-19 therapy, over augmenting metal manufacturing.
The assertion added that greater than 20,000 tonnes of liquid oxygen for medical functions was provided from the metal complexes of JSW Metal to meet the necessities amid COVID-19 therapy The common capability utilisation was 91 per cent in April 2021, in comparison with 96 per cent in March.
The manufacturing of flat-rolled merchandise stood at 9.57 lakh tonnes in April, in comparison with 10.5 lakh tonnes in March. JSW Metal is the flagship enterprise of the JSW Group with an put in capability of 12 million tonnes per yr.
On the NSE, JSW Metal opened at Rs 741, registering an intra day excessive of Rs 754.80 and an intra day low of Rs 730.55, within the session to this point. It was final buying and selling 3.38 per cent decrease at Rs 733 on the NSE.
Shares of JSW Metal have been final buying and selling 2.79 per cent decrease at Rs 737.50 on the BSE.