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Tata Steel production up 6.8%, sales grow 10.5% in 2017-18

IANS  |  Kolkata 

on Friday said its production increased by 6.8 per cent to 12.48 million tonnes (mt) in its Indian operations with sales growing by over 10.5 per cent to 12.13 mt during 2017-18.

According to its provisional data, sales from its operations, at 9.93 mt in the last fiscal, were flat while production grew marginally to 10.68 mt in 2017-18 over 10.56 mt produced by during previous fiscal.

During January-March quarter of the fiscal, reported a production of 3.07 mt with sales at 3.01 mt and both sales and production were down marginally compared to corresponding period of 2016-17.

"During Q4FY18, the production and sales were impacted by an unforeseen breakdown of the blast furnace at Kalinganagar," a company statement said.

During the quarter under review, its operations' sales volumes were marginally higher at 2.48 mt on a quarter-on-quarter basis, while its production at 2.62 mt was marginally lower "mainly due to unplanned outages".

Production and sales volume in were stable on a q-o-q basis during the last quarter of 2017-18.



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

First Published: Fri, April 13 2018. 20:00 IST