JSW achieves crude steel of 5.63 lakh tons in April

JSW Steel Limited has reported crude steel production of 5.63 lakh tons for April, clocking an average capacity utilisation of 38 percent for the month.

While announcing the extension of the nationwide lockdown, the Government of India permitted certain additional activities from April 20 in non-containment zones, subject to requisite approvals as may be required.

“The company proactively put in place comprehensive protocols on social distancing and work practices in deference to the guidelines issued by the Government of India and the local administration to ensure that all our employees and workplaces remain safe,” the company said.

In view of such intense and timely preparations to commence and scale up production in a healthy and safe state of operating conditions, the company could secure the requisite approvals and has accordingly commenced operations and is gradually ramping up capacity since then, a JSW release said.

The company, recognising the formidable challenges of disrupted supply chains, unparalleled drop in demand, uncertainty in seamless transportation of inbound and outbound goods through containment zones across the country, and inadequate credit flow to the industry, has undertaken multiple initiatives to reduce the fixed cost base, improve efficiencies, and find new markets and customers to remain competitive, the company said.

Jindal Stainless resumes partial operation at Jajpur

Jindal Stainless has resumed operations at its Jajpur plant in Odisha in a phased manner from May 5. The company will enforce all the guidelines set by government authorities to ensure health and safety of the employees and all other stakeholders involved in the manufacturing process.