Tata Steel posts record Indian output after acquisition of Bhushan assets

Tata Steel has been shifting its focus to India, where demand is growing

Tata Steel Ltd.’s Indian steel output rose to a record in its latest financial year thanks to its 2018 acquisition of Bhushan Steel Ltd. assets, potentially making Tata the country’s biggest producer.
 

Production rose 35 per cent to 16.79 million tonnes in the year ended March 31, as Bhushan Steel added 4.2 million tonnes to output, the Mumbai-based company said in a statement Saturday. Tata’s volumes are a tad higher than the 16.75 million tonnes targeted by JSW Steel Ltd., which was India’s biggest steel mill in the previous financial year. JSW has yet to release its final number for