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Tata Steel Long Products reports 19% rise in total production in Q1FY24

07 Jul 2023 Evaluate

Tata Steel Long Products (TSLP) has reported 19.06% rise in its total production to 506 thousand tonne during the Q1FY24 as compare to 425 thousand tonne in the same quarter of the previous fiscal. Of the total production, crude steel production of the company was 374 thousand tonne up 95.81% from 191 thousand tonne in the same period a year ago, while its Direct Reduced Iron production came down by 43.59% to 132 thousand tonne in Q1FY24 as compared to 234 thousand tonne in the same quarter of the previous fiscal.

During the reporting period, the company’s total sales reported 2- fold jump to 430 thousand tonne from 330 thousand tonne in the corresponding period of last year. Of the total, saleable steel sales increased by 18.29% to 354 thousand tonne for the quarter under review as compared 174 thousand tonne for the same quarter in the previous year, while direct reduced iron sales during the Q1FY24 period fell 51% to 76 thousand tonne from 156 thousand tonne in the year-ago quarter.

Tata Steel Long Products is one of India’s largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.

Tata SteelLong-Amalg Share Price

829.45 0.00 (0.00%)
16-Nov-2023 17:59 View Price Chart
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