On Wednesday, Jindal Steel and Power had reported “meaningful recovery” in steel sales, despite low railway rake availability. They stressed that sales volume registered a year-on-year growth of 20 per cent to 6.95 lakh tonnes in January this year.

• Nepal Signs 7 MoUs with India for Projects 
• Trump to Hit Patented Drugs with a 100% Tariff 
• Government Looking to Talk with Airlines Amid Fuel Surcharge 
• Bank of Baroda Shares Slip Despite Q4 Global Advances Jumping 16.23%
• Pharma Stocks to be in Focus on Monday as Trump Tariff Reports Rattle Drug Sector

Inventories continued to decline for the second consecutive month, with the company posting steel production of 6.82 lakh tonnes.

Sales volume increased 20 per cent year-on-year to 6.95 lakh tonnes, compared to 5.81 lakh tonnes on January 21, the company said in a statement.