Tata Steel reports marginal growth in sales at 2.15 MT in Q1FY17

Tata Steel reported a marginal growth in its sales at 2.15 million tonnes (MT) for the first quarter ended June 30. The company had clocked sales of 2.14 MT during the same period in 2015-16 fiscal. The steelmaker’s crude steel production however grew by 7 percent to 2.52 MT during April-June 2016-17 against 2.35 MT during the same quarter in 2015-16.

The saleable steel output rose by 5 percent to 2.34 MT during the quarter under review against 2.23 MT in the same quarter last fiscal. The hot metal production was up by 17 percent to 3.02 MT in the June quarter this fiscal from 2.59 MT during the same period in 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.