Tata Steel Ltd.

Riding high on robust demand from auto and construction sectors, Tata Steel expects its sales volume from Indian operations to surge by 25 per cent in the current fiscal. In 2008-09, Tata Steel's saleable steel output had grown by 11 per cent to 5.37 million tonnes from 4.85 million tonnes. Its crude steel production too had gone up by 13 per cent to 5.64 million tonnes as against 5.01 million tonnes.

Tata Steel had added a new capacity in long products in the second half of 2008 which it expects would help the firm in tapping the growing demand. The management expects India to buck the global trend & witness a 6-7 per cent growth rate in steel production and demand in 2009-10. Further the domestic steel prices are a notch higher than the rates in the global market due to the prevailing demand from the infrastructure and the auto sector.