Published on 12/01/2018 4:09:34 PM | Source: Dion Global Solutions Ltd

Tata Steel`s saleable output at 9.24 MT in April-December

Posted in Stock Market| #Metals Sector #Tata Steel Ltd #Stock Market

Tata Steel today said its actual saleable steel output in the country during April-December of of the ongoing fiscal increased by 12.4 per cent to 9.24 million tonne(MT). The company's saleable steel production in the year-ago period stood at 8.22 MT (actual), Tata Steel said in a statement. In the third quarter of 2017-18, the saleable steel output increased by 3 per cent to 3.26 MT over 3.16 MT in the corresponding quarter of 2016-17.

The company said it achieved the "best ever quarterly sales of 3.3 MT in December quarter of 2017-18".Tata Steel Group's annual crude steel capacity is at 27.5 million tonne per annum (MTPA) as on March 31, 2017. The company has operations in 26 countries and a commercial presence in over 50 countries.