Tata Steel's deliveries up 10.7% in FY18 against market average of 8%

The branded portfolio contributes 46% to the steel company's total sales, touching 2.5 million customers across the country

Tata Steel outpaced the industry average in crude steel supplies in FY18, clocking deliveries of 12.5 million tonnes of crude steel. The steelmaker registered 10.7 per cent growth in sales, bettering the market average of 7.9 per cent.

Deliveries to the automotive sector recorded sharp growth of 22.9 per cent, rising from 1.58 million tonnes (mt) at the end of 2016-17 to 1.94 mt in FY18. Tata Steel logged 16 per cent growth in transfer to downstream units in the same period. In branded products & retail solutions segment, the growth was 9.5 per cent.

The branded portfolio contributes