Tata Steel, the world’s seventh-largest steelmaker has bagged the NDTV Profit Business Leadership award in the metal category for its various initiatives. The award was received by the company’s managing director on behalf of the company from finance minister.
Besides, Tata Steel reported a fall of 1.1% in its December quarter sales, while production of its hot metal grew about 3% for the quarter over corresponding period last year.
The company has reported sales of 1.62 million tonnes for the third quarter ended December 2011 as against 1.64 million tonnes in corresponding last quarter.
The sale of flat products during the quarter was up 3% year-on-year, while sales of long products were low due to the lower availability of finished goods because of the planned shut down in the mills.
