Tata Steel's FY15 crude steel production up by 2% at 9.33 MT

16 April 2015

Tata Steel on Thursday reported a marginal growth of 1.92 per cent in its crude steel production at 9.33 million tonnes (MT) for the financial year 2014-15.

Crude steel production in 2013-14 stood at 9.15 MT, Tata Steel said in a statement.

The Tata Group's flagship firm said it produced 9.07 million tonnes of saleable steel during the year under review, up 1.56 per cent from the year-ago period.

In 2014-15, the company's hot metal production grew 2.73 per cent at 10.16 MT.

"2014-15 recorded the best ever crude steel production for the company at 9.33 MT," the statement added.

It further said: "In the recently concluded fiscal, Tata Steel has also achieved its highest ever annual sales volume of 8.75 MT."

Besides, the company's sales grew by 2.69 per cent during the year.

Tata Steel said it has achieved the best ever total coke production at 4.67 million tonnes.

The company is one of the world's largest steel producers, with a capacity of 29 million tonnes and 80,000 employees across four continents.

Meanwhile, the company is now on the anvil of opening its greenfield steel plant at Kalinganagar in Odisha which would further increase its capacity.

Tata Steel shares were trading 0.76 per cent down at Rs 335.15 apiece during afternoon session on the BSE.