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04-11-2013, 05:23 AM #1
Tata Steel registers best ever sales, output figures in 2012-13
Tata Steel has achieved best ever annual output and sales during 2012-13 on the back of record hot metal and crude production at 8.85 million tonnes (MT) and 8.13 MT, respectively.
While production of hot metal and crude grew by an impressive 14 per cent each during the year over a year-ago period, saleable steel saw a 14 per cent growth to 7.94 MT in the last financial year.
"Tata Steel completed FY13 with an overall increase in production and sales volumes. The year registered its best ever performance in hot metal, crude steel production and total sales," the domestic steel giant said in a statement.
The company's hot, crude and saleable steel production stood at 7.75 MT. 7.13 MT and 6.97 MT, respectively, in 2011-12.
Sales too registered an impressive 13 per cent increase to 7.48 MT in the last financial year, buoyed mainly by over 20 per cent rise in sales to automotive sector.