Tata Steel sales up 10.3% in Q3

By: | Updated: January 12, 2016 12:32 AM

Tata Steel's shares on Monday closed at Rs 252.00 per share on the Bombay Stock Exchange, down 0.67% from its previous close.

For the first three quarter of the current fiscal its sales rose by 8 per cent to 6.83 MT from 6.34 MT during the April-December period of 2014-15. (Reuters)For the first three quarter of the current fiscal, Tata Steel sales rose by 8 per cent to 6.83 MT from 6.34 MT during the April-December period of 2014-15. (Reuters)

Tata Steel on Monday reported 10.3% increase in sales to 2.35 million tonnes in Q3FY16, compared to a year ago. This includes best ever Tata Tiscon sales of 0.31 million tonnes in Q3 beating previous best 0.29 million tonnes in Q3 FY15. During the same quarter Tata Astrum also reported improved sales of 0.26 million tonnes over previous best of 0.24 million tonnes in Q3 FY15, the company said in a statement.

Saleable steel production in Q3FY16 was up 13.1% from a year ago to 2.51 million tonnes. Hot metal output was up 13.1% from a year ago in Q3FY16 with crude steel production at 2.55 million tonne, up by 11.3% y-o-y. The pellet plant has achieved best ever Q3 production of 1.43 million tonnes beating its previous best 1.03 million tonnes in Q3 FY15. Tata Steel’s Hot Strip Mill also notched up a best ever Q3 production of 1.01 million tonnes against its previous best of 0.99 million tonnes in Q3 FY13, the company statement said.

The company’s steel melting shops achieved best ever Q3 production of 2.55 million tonnes compared to 2.29 million tonnes in Q3 FY15. New Bar Mill achieved its best ever Q3 production of 0.25 million tonnes compared to previous best of 0.23 million tonnes in Q3 FY15, the statement said.

Tata Steel’s shares on Monday closed at Rs 252.00 per share on the Bombay Stock Exchange, down 0.67% from its previous close.

 

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