MoneyWorks4Me

Tata steel BSL reports around 7% rise in crude steel production in Q1 FY20

15 Jul 2019 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
View more..