Tata Steel BSL has reported crude steel production of 1.12 million tonnes (MT) (Provisional) in Q1 FY20 as against 1.05 MT (Actual) in Q1 FY19. The production has increased by around 7% on Y-o-Y basis; driven by higher mill availability.
Besides, the saleable steel sales were at 0.86 MT (Provisional) in Q1 FY20 as compared to 0.85 MT (Actual) in Q1 FY19. The sales remained almost flat amidst sluggish demand in domestic and international steel markets.
Tata Steel BSL formerly known as Bhushan Steel is the largest manufacturer of auto-grade steel in India. Tata Steel BSL with a large amount of debt in proportion to its equity is a highly leveraged company.
