Tata Steel Ltd.

Tata Steel, the flagship company of the Tata group has reported 16.66 percent rise in its hot steel production at 3.01 million tonnes (MT) for the first quarter ended June 30, 2015 as compared to 2.58 MT for the same quarter in the previous year. For the April-June period of FY17, the company’s crude steel production rose by 7.69 percent to 2.52 MT from 2.34 MT a year ago.

Further, saleable steel production of the company increased by 5.85 percent to 2.35 MT during the quarter under review compared with 2.22 MT in the year-ago period. Meanwhile, the company has achieved best ever automative steel sales of 379 KT, as against 334 KT in the first quarter of the last fiscal.

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.