Tata Steel Reports Marginal Rise In Sales
27 July 2016
Tata SteelBSE -1.46 % has reported a marginal 0.1% rise in sales in Q1 FY17 at 2.15 million tonne (mt) compared to same petiod last year.
The company saw a 4.8% rise in production of saleable steel in Q1FY17 at 2.3 million tonne (mt) against a production of 2.2 mt in same period last year. The company said it saw a 16.5% jump in hot metal output during the quarter under review to 3.01 mt against 2.5 mt in Q1FY16. Crude steel production during the quarter at 2.52 mt was 7.6% higher than than last year.
Source : economictimes.indiatimes.com