Tata Steel Ltd.

Tata Steel has reported 12.92% rise in sales to 2.71 million tonne (mt) in the fourth quarter ended March 31, 2016 as compared to 2.40 mt sold in previous corresponding period. During FY16, the company has sold 9.54 mt of saleable steel, which was 9.03% higher compared to 8.75 mt sold in the same period last year.

The company has produced 2.55 mt of saleable steel in Q4 FY16, a 6.69% rise over 2.39 mt in a statement Q4 FY15. During FY16, the company has produced 9.69 mt of saleable steel, which was 6.84% higher compared to 9.07 mt produced in the same period last year.

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.