Tata Steel sales grow 14% in FY14

Written by fe Bureau | Jamshedpur | Updated: Apr 16 2014, 10:51am hrs
In one of its best performances, Tata Steel posted a 14% y-o-y sales growth in FY14 at 8.52 million tonne (mt) against 7.432 mt in FY13. In the fourth quarter, however, the sales grew a mere 6% y-o-y at 2.407 million tonne (mt) compared with 2.279 mt in the same period last year.

The steel company achieved the highest ever annual sales volume of 8.52 mt in FY14 against the previous best figure of 7.71 mt.

The company registered its best ever annual sales in the automotive segment at 1.17 mt in FY14, the previous best being 1.05 mt in FY12 and its sales in the industrial products' segment at 1.7 mt was 63% more than the previous best figure of 1.07 mt of FY13, which included the companys highest ever hi-end sales at 0.283 mt from 0.165 mt in FY13.