On Thursday, JSW Steel posted a 16 per jump in its consolidated crude steel output at 5.88 million tonnes (MT) during the third quarter. In Q2FY21, the production was at 5.07 MT, the company said.

“JSW Steel reported its group combined crude steel production at 5.88 MT for Q1 FY23 registering a growth of 16 per cent year-on-year, including the production at jointly controlled entities,” it said in a statement. Every quarter the production was a 2 per cent fall from 5.98 MT in Q3FY22.

• HCL Tech Shares Gain 2% on Partnering Up with Strategy 
• Shares of Shriram Pistons skyrocketed 9% on Acquiring Antolin Lighting
• Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban: Bandhan Bank, and Others

“The crude steel production was lower sequentially due to preponement of certain scheduled shutdowns during the financial year 2022-23,” the company said.

JSW Group has energy, infrastructure, cement, paints, sports, and venture capital besides steel.