Business Daily from THE HINDU group of publications
Saturday, Jul 19, 2008
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Business Daily from THE HINDU group of publications Saturday, Jul 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Financial Performance Corporate Results - Steel
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Mumbai, July 18 Tata Steel, furnishing figures relating to its India operations, said hot metal production at 1.387 million tonnes and crude steel at 1.253 million tonnes was higher by 3.2 per cent and 8.6 per cent for the first quarter of this fiscal, compared to the corresponding period of last year. Saleable steel production at 1.187 million tonnes (mt) registered an increase of 11.5 per cent over the previous year. First quarter sales at 1.081 mt recorded an increase of 11 per cent. Revenue from sales of branded products rose by 47 per cent. Sales to automotive sector rose to 0.216 mt corresponding to a market share of 42 per cent as against the share of 38 per cent in first quarter of FY08. Sales of skin panels for the current quarter at 7,477 tonnes were higher compared to 4,248 tonnes. A Tata Steel press release said this was achieved mainly because many new approvals for commercial supplies were obtained during the period. Unique offeringsAs part of the company’s strategy to ‘enhance unique offerings’, a new Tiscon grade Fe500 was launched in the retail channel and super ductile rebars introduced for earthquake-prone zones.
The yield at hot strip mill increased to 98.19 per cent as compared to 97.87 per cent last year and wire rod mill to 97.19 per cent against 96.4 per cent. Tata Steel looking at 7 mt output by 2008-09 Tata Steel output, sales rise in April-Dec Tata Steel's Q1 output up Tata Steel production crosses 5 mt Tata Steel records all-time high production in Q2 Tata Steel output, sales rise in April-Dec Tata Steel domestic sales up 7 pc in April-December Corus buy boosts Tata Steel Q1 consolidated profits 5-fold More Stories on : Financial Performance | Steel | Tata Steel Ltd
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