Financial Daily from THE HINDU group of publications
Saturday, Apr 02, 2005
Financial Daily from THE HINDU group of publications Saturday, Apr 02, 2005 |
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Corporate
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Performance Tata Steel production hits all-time high Our Bureau
Mumbai , April 1 TATA Steel has ended fiscal 2004-05 with a production of 4.11 million tonnes of saleable steel, an all-time high. "The initiative to enrich the product mix of Tata Steel continues to provide excellent results," the company said in a news release. Supplies of hot rolled, cold rolled and galvanised sheet products to the automobile industry jumped by 19 per cent over that of last year. Sales of branded products, Tata Shaktee (corrugated galvanised sheets), Tiscon (rebars) and Tata Steelium (cold rolled sheets) also witnessed a significant increase of 10 per cent, 13 per cent and 25 per cent, respectively. Production of clean coal and iron ore touched 3.27 million tonnes and 10.47 million tonnes, respectively. The company recorded best annual production at all its profit centres: Ferro Alloys & Mineral Division, Tubes division, Rings and Agrico division, Bearing division, Tata Growth shop and Wire division. The Ferro alloys and mineral division produced 0.63 million tonnes of ferro-chrome, whereas the Bearings division produced 25.047 million bearings. The company also enhanced its presence in the markets by increasing its share in the Original Equipment Manufacturers categories such as auto direct, ancillaries and appliances. "It appreciably gained market share in focus segments such as auto and construction. Tata Steel has also emerged as a preferred supplier to major companies in the auto and white goods segments," the release said.
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