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Tata Steel India posts highest ever output at 12.48 MT in FY18

Press Trust of India  |  New Delhi 

With 12.48 million tonne (MT) production, has recorded highest ever output for the fiscal 2017-18, mainly on the back of robust performance at plant, according to a

This represents nearly 7 per cent higher output compared to 11.68 MT the company had produced in the preceding financial year.

"Besides output, there were many firsts this year. It also achieved highest-ever annual sales of 12.13 million tonnes," a company said.

The company had registered a sales of 10.97 MT in financial year 2016-17.

For the first time, achieved the landmark of 1 million tonnes of annual exports. It also registered the best automotive sales of 1.86 million tonne, the added.

The entire value chain played a role in achieving these numbers but ramping up of its plant was the most crucial factor to enable the company to achieve these milestones, according to the

At 25.39 million tonnes, the company's combined production from three geographies India, and was up by 3.5 per cent in FY 2018 as compared to 24.52 MT in the previous fiscal, due to an improved performance in and operations.

In India, Jamshedpur unit has a capacity of 10 MTPA and is a 3 MTPA plant.

Group is one of the world's largest steel companies with a production capacity of approximately 27.5 million tonnes per annum. It is a geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.

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

First Published: Sun, April 15 2018. 19:15 IST