Tata Steel has reported a 17% increase in Q4FY17 sales to 3.17 million tonne (MT) compared to 2.71 MT in Q4 FY16. On a sequential basis, the company saw sales jump 6.11% in the third quarter this year over Q3FY17.
Meanwhile, the company has reported a 24% growth in saleable steel production at 3.1 million tonnes (MT) for the fourth quarter of FY 2016-17. Its crude steel production during the January-March quarter of 2016-17 also grew to 3.2 MT from 2.5 MT in the year-ago period. Furthermore, the company's hot metal production was up at 3.5 MT, as compared to 2.7 MT in the same quarter of the 2015-16 fiscal.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
