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Tata steel BSL reports 41% fall in crude steel production in Q1 FY21

09 Jul 2020 Evaluate

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.

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
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