Tata Steel BSL has reported crude steel production of 659000 tonnes (Provisional) in Q1 FY21 as against 1122000 tonnes (Actual) in Q1 FY20. The production has decreased by around 41.27% on Y-o-Y basis.
Besides, the steel sales were at 694000 tonnes (Provisional) in Q1 FY21 as compared to 863000 tonnes (Actual) in Q1 FY20. The sales has decreased by around 19.58% on Y-o-Y basis.
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.
