+
Crude steel output of Tata Steel surges over 43%, sales by 35%
Steel

Crude steel output of Tata Steel surges over 43%, sales by 35%

Tata Steel's consolidated crude steel output increased by over 43% in the quarter ended June 30, 2021, to 7.94 million tonnes (mt).

Tata Steel said in a statement released on Sunday that the company's consolidated steel output in the previous quarter was 5.53 mt.

The company's consolidated sales increased by 35% from 5.33 mt in the same quarter last year to 7.14 mt in the April-June fiscal period of 2021-22.

In India, the company produced 4.62 mt of steel, up 55% from 2.99 mt in the April-June quarter of the fiscal year 2020-21, which was hampered by the Covid-19 pandemic and a nationwide lockdown.

Tata Steel India increased its deliveries by 42% to 4.15 mt from 2.93 mt a year ago.

Tata Steel Europe's steel production increased by 27% to 2.73 mt in the quarter under review, compared to 2.15 mt the year before. While deliveries increased by 19% to 2.36 mt from 1.98 mt the previous year.

Tata Steel Southeast Asia's production increased by 49% to 0.59 mt in April-June of last year, compared to 0.39 mt in April-June of the previous year. In Southeast Asia, deliveries increased by 50% to 0.63 mt from 0.42 mt a year ago.

Tata Steel Limited, headquartered in Mumbai, Maharashtra, India, is an Indian multinational steel-making company based in Jamshedpur, Jharkhand. The Tata Group owns the company.

Tata Steel, formerly known as Tata Iron and Steel Company Limited (TISCO), is one of the world's largest steel producers, with an annual crude steel capacity of 34 million tonnes. With operations and commercial presence all over the world, it is one of the world's most geographically diverse steel producers.

Image Source


Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt

Also read: India’s fastest growing steel companies in 2020: CW Survey

Tata Steel's consolidated crude steel output increased by over 43% in the quarter ended June 30, 2021, to 7.94 million tonnes (mt). Tata Steel said in a statement released on Sunday that the company's consolidated steel output in the previous quarter was 5.53 mt. The company's consolidated sales increased by 35% from 5.33 mt in the same quarter last year to 7.14 mt in the April-June fiscal period of 2021-22. In India, the company produced 4.62 mt of steel, up 55% from 2.99 mt in the April-June quarter of the fiscal year 2020-21, which was hampered by the Covid-19 pandemic and a nationwide lockdown. Tata Steel India increased its deliveries by 42% to 4.15 mt from 2.93 mt a year ago. Tata Steel Europe's steel production increased by 27% to 2.73 mt in the quarter under review, compared to 2.15 mt the year before. While deliveries increased by 19% to 2.36 mt from 1.98 mt the previous year. Tata Steel Southeast Asia's production increased by 49% to 0.59 mt in April-June of last year, compared to 0.39 mt in April-June of the previous year. In Southeast Asia, deliveries increased by 50% to 0.63 mt from 0.42 mt a year ago. Tata Steel Limited, headquartered in Mumbai, Maharashtra, India, is an Indian multinational steel-making company based in Jamshedpur, Jharkhand. The Tata Group owns the company. Tata Steel, formerly known as Tata Iron and Steel Company Limited (TISCO), is one of the world's largest steel producers, with an annual crude steel capacity of 34 million tonnes. With operations and commercial presence all over the world, it is one of the world's most geographically diverse steel producers. Image Source Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt Also read: India’s fastest growing steel companies in 2020: CW Survey

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code