Higher production and sales for the full year, but earnings fell.
“Tremendous volatility” in steel prices in India throughout the year
By building its raw materials inventories it has been able to continue production through the Covid-19 lockdown.
JSPL standalone full year 2020
Steel (including pig iron) production
6.30 million tonnes, up 13% year on year from 5.59 million tonnes
Steel (inc pig iron) sales
6.06 million tonnes, up 12% year on year from 5.41 million tonnes
Earnings before interest, taxes, depreciation and amortization (Ebitda)
57.77 billion rupees ($764.79 million), down 4% year...