Tata Steel production down marginally at 3.02 mt in Q4 FY18

Tata Steel's provisional India production in the last quarter previous fiscal ending March 2018 was marginally down at 3.02 million tonnes, compared to 3.13 million tonnes in the corresponding quarter of 2016-17.However, in the full financial year April-March 2018, the company's India production increased to 12.26 million tonnes against 11.35 million tonnes in previous comparable period, a Tata Steel release said in a BSE filing.Tata Steel said it "achieved highest-ever annual sales of 12.13 million tonnes in 2017-18 and registered a growth of 11 per cent".The company said it has achieved best-ever annual sales in automotive sector and registered a growth of 21 per cent financial year 2017-18 against an industry growth of 14 per cent, mainly driven by two-wheelers and three-wheelers.

from The Economic Times https://ift.tt/2H0wsNM