Tata Steel India has had a fantastic few months! In the last quarter, their crude steel production jumped up 6% compared to last year and 8% from the previous quarter, reaching 5.68 million tonnes. This increase came after the new 5 million tonnes-per-year blast furnace started working at Kalinganagar in September.
For the first nine months of this financial year, Tata Steel produced 16.2 million tonnes of steel, which is also a 5% increase from last year. The company’s sales have never been better, with deliveries reaching 5.29 million tonnes in just three months! This is a 4% increase from the last quarter and 8% from the same time last year. Great efforts in selling steel in India and exporting it helped boost these numbers.
Here are some highlights for Tata Steel’s deliveries for the first nine months of the year:
– Automotive & Special Products: Delivered 2.3 million tonnes, which is a 3% increase due to a rise in high-end steel products. They also launched a new Continuous Annealing Line (CAL) at the plant, which got approved by major car manufacturers.
– Branded Products & Retail: Delivered 5.1 million tonnes, marking a 6% rise thanks to strong sales of their popular brands. Tata Tiscon, a retail brand, increased by 20% and Tata Steelium, their cold-rolled brand for small businesses, rose by 7%.
– Industrial Products & Projects: Delivered 5.3 million tonnes, steady compared to last year. But growing areas like Engineering and Ready-to-use solutions saw strong double-digit growth.
Additionally, Tata Steel Aashiyana, an online platform for individual home builders, saw a big jump in revenue, rising 37% to Rs. 2,154 crores! They have been working hard to make the shopping experience better for customers.
Tata Steel also has operations in other countries like Europe and Thailand. In the Netherlands, they produced 1.76 million tonnes of liquid steel and delivered 1.53 million tonnes, which had a 16% rise from last year thanks to better production.
Meanwhile, Tata Steel UK has changed its supply chain strategy after shutting down their blast furnaces, maintaining their customer service levels. However, their 9-month deliveries were impacted by lower demand.
Tata Steel shares ended at Rs 133.18 on the NSE, gaining by Re 1 or 0.76%.
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