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Tata Steel's production level recovers to 100% on revival in domestic demand

07 Sep 2020 Evaluate

Tata Steel's production level has now recovered to 100 percent as the company sees a revival in domestic demand in the current quarter led by a good monsoon and rural economy. The company is now less dependent on exports compared to the first quarter.

The company’s overall India operational capacity (including Tata Steel BSL and Tata Steel Long Products) is 20.6 million tonnes per annum (MTPA). In the first quarter of 2020-21, it produced 2.99 million tonnes of crude steel while sales stood at 2.92 million tonnes.

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.

Peers
Company Name CMP
JSW Steel 1308.00
Tata Steel 185.95
Steel Authority 184.00
Jindal Stainless 762.35
APL Apollo Tubes 2198.00
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