Tata Steel Ltd.

Tata Steel completed FY’12 with an overall increase in production and sales. This year the company has registered its best ever performance in Hot Metal, Crude Steel, Saleable Steel production and total Sales. The company’s sales from Indian operation grew by 3.4% in FY’12 to 6.632 million tonnes compared with 6.416 million tonnes in FY’11.

The company, which had sold 6.416 million tonnes steel in 2010-11, undertook sales of 3.735 million tonnes flat products used in the automotive and the FMCG sectors, and 2.897 million tonnes of long products used in construction.

The growth in sale of flat products was 6% over 2010-11, but it was almost stagnant in case of long products. It had sold 2.878 million tonnes of long products in FY'11. In the final quarter of 2011-12, the company sold 1.768 million tonnes of steel registering a growth of 3.3% over 1.712 million tonnes in the corresponding quarter of last fiscal.

The company’s saleable steel production during 2011-12 grew by 4.2% to 6.970 million tonnes over 6.691 million tonnes a year ago. Besides, crude steel output rose by 3.9% to 7.126 million tonnes against 6.855 million tonnes in 2010-11.

Further, saleable steel and crude steel production of the company during the last quarter of the 2011-12 fiscal had grown by 2.2% and 2.6% respectively to 1.777 million tonnes and 1.824 million tonnes.