Tata Steel reports 7% increase in output during July-September period

PTIUpdated: Wednesday, October 06, 2021, 08:01 PM IST
article-image
In India, Tata Steel India produced 4.73 MT of steel in the September quarter, compared to 4.59 MT in the year-ago quarter../ Representational image | Photo credit: Twitter

Tata Steel reported a 7 per cent rise in consolidated steel output to 7.78 million tonnes (MT) for the July-September period this year.

The company's consolidated steel production was 7.25 MT in the same period last year, Tata Steel said in a statement.

Tata Steel's consolidated sales during the quarter under review fell around 6 per cent to 7.4 MT, from 7.87 MT in the same period of the preceding fiscal.

In India, Tata Steel India produced 4.73 MT of steel in the September quarter, compared to 4.59 MT in the year-ago quarter. The sales in India stood at 4.64 MT, against 5.05 MT a year ago.

Tata Steel Europe produced 2.56 MT of steel as against 2.15 MT a year ago, while sales in Europe fell to 2.16 MT from 2.27 MT earlier.

Production of Tata Steel South-East Asia during the said period was 0.49 MT, against 0.51 a year ago. Its sales stood at 0.60 MT compared to 0.55 MT in the year-ago period.

India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

What are Cryptocurrency Market and project token games?

What are Cryptocurrency Market and project token games?

International flights from Manipur to Myanmar and Tripura to Bangladesh, to start soon

International flights from Manipur to Myanmar and Tripura to Bangladesh, to start soon

Home loan portfolio of banks and NBFCs remains strong, despite rising interest rates: Report

Home loan portfolio of banks and NBFCs remains strong, despite rising interest rates: Report

Traders' body says small sweet, namkeen sellers will suffer because of FSSAI labelling regulation

Traders' body says small sweet, namkeen sellers will suffer because of FSSAI labelling regulation

Motilal Oswal Group commits Rs 450 crore to Shapoorji Pallonji Real Estate raises for 2 projects

Motilal Oswal Group commits Rs 450 crore to Shapoorji Pallonji Real Estate raises for 2 projects