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.

• Overnight Stock Market Movements: Key Developments 
• KPI Green Energy Shares Rally 5% on Bagging 120 MW Order 
• Surya Roshni Rises 2.7% on Demerger Reports, US Orders
• Benchmark Indices Fell 200 Points from day High
• Apollo Micro Systems Jumps 9% on Record FY26 Profit

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.