Tata Steel today said its sales for the October-December quarter surged 49 per cent to 1.5 million tonne, driven by robust demand from sectors like automobiles and consumer durables.
The company sold 1.07 million tonne steel in the third quarter of the last financial year, it said in a statement.
In December alone, the country?s leading steel maker saw its sales rising by 73 per cent to 6.35 lakh tonne over the year-ago month.
The production of saleable steel surged 37 per cent in the third quarter to 1.6 million tonne compared to 1.23 million tonne in the corresponding period last fiscal.
Tata Steel?s crude steel output increased 15 per cent in October-December to 1.72 million tonne and that of hot metal rose 11 per cent to 1.88 million tonne over that of the corresponding period a year ago.
?December sales surpassed the mark of 6 lakh tonne monthly curde steel production for the first time,? said the company, adding ?Tata Steel completed December by registering remarkable increase in its hot metal, crude steel and saleable steel production over the corresponding month of the last year.?”