Tata Steel's Jul-Sep sales rises 6.56% to 4.77 mln tonne; output jumps 11% to 2.71 mln tonne - Firstpost
Firstpost

Tata Steel's Jul-Sep sales rises 6.56% to 4.77 mln tonne; output jumps 11% to 2.71 mln tonne

#automotive segment   #Production   #saleable steel   #Sales   #Tata Steel  


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Jamshedpur: Tata Steel on Friday said that its sales grew 6.56 percent to 4.77 million tonnes during the first six months of the current fiscal as compared to 4.47 million tonnes sold in the corresponding period last year.

Reuters

Reuters

The sales for July-September quarter stood at 2.62 million tonnes, up by 12.4 percent as against 2.33 million tonnes in the same period last year, the company said.

Saleable steel production increased by 11 percent year-on-year (y-o-y) in July-September quarter to 2.71 million tonnes and the same rose 9 percent in the first six months of the current fiscal to 5.06 million tonnes.

"Sales to automotive segment grew by seven per cent y-o-y in line with market growth, thereby retaining leadership position. Availability of additional volumes enabled 12 per cent y-o-y growth in sales to industrial products and projects segments," a statement said.

It also said the crude steel production in the quarter ended September was at 2.82 million tonnes, up by 13 per cent and the same stood at 5.35 million tonnes in the first six months of the current fiscal, up by 10 per cent y-o-y.

First Published On : Oct 7, 2016 16:19 IST

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