Tata Steel Reports 8% Rise in India Sales for Q3 FY25

10 Jan 2025 CW Team

Tata Steel reported an 8% increase in sales in India for the December 2024 quarter, reaching 5.29 million tonnes (mt), compared to 4.88 mt in the same period last year. The growth was attributed to fresh capacity additions and higher export volumes. Internationally, sales in the Netherlands grew to 1.53 mt from 1.30 mt, while sales in the UK declined to 0.56 mt from 0.64 mt due to operational changes. In Thailand, sales rose to 0.28 mt from 0.25 mt. Production in India increased by 6% to 5.68 mt, supported by new capacity at the Kalinganagar facility, which added 5 million tonnes per annum (MTPA) in September. The new blast furnace is currently producing 8,000 tonnes daily and is being ramped up to full capacity. In the Netherlands, production rose to 1.76 mt from 1.19 mt, while UK production ceased as the company transitions to an electric arc furnace for cleaner steelmaking. The UK Government has approved duty-free slab imports for Tata Steel from various countries, including India. Production in Thailand was marginally lower at 0.26 mt compared to 0.27 mt. Tata Steel also commissioned a Continuous Annealing Line in December, part of the 2.2 MTPA Cold Rolling Mill (CRM) complex at Kalinganagar, with approvals from major original equipment manufacturers (OEMs). Sales in the automotive and special products segment rose 3% to 2.3 mt. The Tata Tiscon brand, focused on the real estate sector, saw a 20% year-on-year increase in sales, while Tata Steelium, catering to small and medium enterprises (SMEs), reported a 7% rise. The company’s e-commerce platform for individual home builders, Tata Steel Aashiyana, posted a 37% growth in revenues, reaching Rs 21.54 billion. Additionally, Tata Steel Netherlands’ liquid steel production included 0.12 mt from the UK operations, according to the company. (Business Line)

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..