Tata Steel's India production up marginally in Q3, sales up by 10pc
(4 months ago)
Kolkata, Jan 12 : Tata Steel on Friday said its India production in the October-December 2017 period was marginally up by 3.1 per cent to 3.26 million tonnes (mt) compared to 3.16 mt produced in the corresponding quarter of 2016-17.
The steel maker also said its sales, during the quarter under review, were at 3.30 mt, up by over 10 per cent from 2.99 mt in the year-ago period.
In the first nine month period (April-December) of the current fiscal, its India production was at 9.24 mt compared to 8.22 mt produced in the same period of the last financial year, the company said in a statement.
During the April-December period, its sales at 9.12 mt registered about 18 per cent growth over the 7.76 mt in the corresponding period of 2016-17.
However, the steel maker's production from European operation in the December quarter was slightly higher at 2.67 mt as compared to 2.64 mt in the comparable period in 2016-17, it said.
In terms of sales, Europe operations registered higher sales during the quarter at 2.39 mt.
Steel producer's Kalinganagar plant ramped-up to 100 per cent capacity utilisation for commercial saleable steel production.
It achieved highest-ever quarterly sales in 'automotive and special products' segment with a growth of 6 per cent quarter-on-quarter and 26 per cent year-on-year.