Tata Steel Q1FY17 sales marginally up by 2.15 MT

Saleable Steel production is 2.34 million tonnes (up by 4.8% y-o-y) and Sales is 2.15 million tonnes (up by 0.1% y-o-y) for Ql FY17.

Tata Steel Limited registered Hot Metal and Crude Steel production of 3.01 million tonnes (up by 16.5% yoy) and 2.52 million tonnes (up by 7.6% yoy) respectively for Q1FY17. Saleable Steel production is 2.34 million tonnes (up by 4.8% yoy) and Sales is 2.15 million tonnes (up by 0.1% yoy) for Ql FY17.


Production & Sales Highlights

• Best-ever Jamshedpur Plant Hot Metal production of 2,665 KT in Q1FY17 (Previous Best: 2,588 KT in Q1 FY16)
• Best-ever Jamshedpur Plant Sinter production of 2,024 KT in Q1 FYl 7 (Previous Best: 1,804 KT in Q1 FY16)
• Best-ever Jamshedpur Plant Pellet production of 1,668 KT in Q1 FY17 (Previous Best: 1,473  KT in Q1 FY16)
• Commercial production started at Kalinganagar Plant from June 1, 2016

Stock price:

Tata Steel Ltd is currently trading at Rs. 364.75, down by Rs. 2.9 or 0.79% from its previous closing of Rs. 367.65 on the BSE.

The scrip opened at Rs. 370 and has touched a high and low of Rs. 370.25 and Rs. 364.25 respectively. So far 2022210(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 35706.74 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 379.25 on 18-Jul-2016 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 374.7 and Rs. 356.5 respectively.

The promoters holding in the company stood at 32.06 % while Institutions and Non-Institutions held 41.35 % and 26.59 % respectively.

The stock is currently trading above its 50 DMA.