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Tata steel BSL reports 4% fall in crude steel production in Q3 FY21

09 Jan 2021 Evaluate

Tata Steel BSL has reported crude steel production of 1,109 tonnes (Provisional) in Q3 FY21 as against 1,154 tonnes (Actual) in Q3 FY20. The production has decreased marginally by 4% on Y-o-Y basis.

Besides, the steel sales were at 1,149 tonnes (Provisional) in Q3 FY21 as compared to 1,255 tonnes (Actual) in Q3 FY20. The sales has decreased by 8% 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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