Financial Daily from THE HINDU group of publications
Sunday, Oct 03, 2004
Financial Daily from THE HINDU group of publications Sunday, Oct 03, 2004 |
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Corporate
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Performance Tata Steel first-half production rises 4 per cent Our Bureau
Mumbai , Oct. 2 TATA Steel on Saturday informed that its production of saleable steel for the first half of FY05 amounted to 2.09 million tonnes - four per cent higher than the year-ago level. "Supplies to the auto sector comprising HR, CR and galvanised products was up by 41 per cent against last year and overall steel supplies to the OE sector was up by 24 per cent," according to an official statement. "Compared to the figures of the first half of the last financial year, the sale of branded products, Tata Shakti (corrugated galvanised sheets) and Tata Steelium (cold rolled sheets) witnessed an increase in sales of 16 per cent and 23 per cent respectively," it said. According to the statement, the shutdown of the company's `G' blast furnace scheduled for mid-October, will now happen in early December. "It is estimated that the upgradation of this blast furnace will take 100 days against 105 days taken in 2002, for the relatively smaller `F' blast furnace," the statement said.
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