Tata Steel registers best ever performance in production and sales in FY14

Tata Steel has registered its best ever performance in FY14 in Hot Metal, Crude Steel, Saleable Steel production and total Sales. For the fiscal ended March, the company’s sales were up by 14% at 8.52 million tonnes (MT). Annual sales to the automotive, industrial products and LPG segments rose to 1.17 MT, 1.7 MT and 1.1 lakh tonnes, respectively. The company’s crude steel production touched the highest-ever at 9.15 MT compared with the previous best of 8.13 MT in 2012-13. Saleable steel production of the company has increased by 12% to 8.93 MT in the April-March period from 7.94 MT a year ago. The company’s Hot metal production exceeded the previous best at 9.89 MT in the previous financial year against 8.86 MT in 2012-13. The company’s Ore Mines & Quarries (OMQ) division has achieved its highest ever iron ore dispatch of 17.30 MT as compared to 15.0 MT in FY13. Moreover, West Bokaro Division (one of the Collieries) has achieved its highest ever clean coal production of 2.57 MT as against 2.33 MT in FY13. Further, the company has registered best ever total Coke Production (Jamshedpur & Haldia) of 4.28 MT as compared to 3.71 MT in FY13.