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Tata Steel BSL records highest ever quarterly crude steel production

Capital Market 

Tata Steel BSL achieved highest ever quarterly crude steel production of 1.18 mn tons in registering a growth of 6%QoQ and 5%YoY; FY21 production was lower by 9%YoY primarily due to disruption caused by COVID19 pandemic in 1HFY21.

4QFY21 sales volumes increased by 4%QoQ and 22%YoY to 1.19 mn tons, driven by higher production and improved market conditions.

Tata Steel BSL achieved highest ever annual sales volumes at 4.31 mn tons with 4%YoY growth despite COVID-19 pandemic induced disruption. The Company increased its domestic deliveries by 6%QoQ to 1,006 thousand tons and reduced exports from 18% in 3QFY21 to 16% in 4QFY21.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, April 06 2021. 19:33 IST