Tata Steel Puts Up Best Out­put, Sales Show

The Economic Times - - Companies - Our Bu­reau

Kolkata: Tata Steel has man­aged to put in its best ever to­tal ag­glom­er­ate pro­duc­tion of 13.81 mil­lion tonne in FY16, up 8%, beat­ing its pre­vi­ous best out­put of 12.78 mil­lion tonne in FY15.

The com­pany’s steel mar­ket­ing and sales also achieved its high­est ever vol­umes at 9.54 mil­lion tonne in FY16, which is 9% higher than its pre­vi­ous best of 8.75 mil­lion tonne in FY15. Tata Steel’s pro­duc­tion gain was boosted by its high­est ever hot me­tal pro­duc­tion of 10.65 mil­lion tonne against its pre­vi­ous high­est of 10.16 mil­lion tonne of hot me­tal pro­duced in FY15. One of the coun­try’s largest pri­vate sec­tor steel mak­ers, Tata Steel re­ported its high­est crude steel pro­duc­tion of 9.96 mil­lion tonne in FY16 com­pared with its pre­vi­ous best of 9.33 mil­lion tonne in FY15.

Tata Steel also posted its best ever pro­duc­tion for saleable steel pro­duc­tion of 9.70 mil­lion tonne in the just con­cluded fis­cal, al­most 7% higher than its pre­vi­ous best 9.07 mil­lion tonne in FY15, a state­ment is­sued by the com­pany said adding that its var­i­ous mills, have also achieved best ever pro­duc­tion.

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