Tata Steel India's Q4 sales up 3.3%

Tata Steel, the world's seventh-largest steelmaker, said on Monday sales from its Indian operations rose 3.3 percent to 1.77 million tonnes in the January to March quarter.

FP Archives|Dec 20, 2014, 07:38:22 IST

Mumbai: Tata Steel, the world's seventh-largest steelmaker, said on Monday sales from its Indian operations rose 3.3 percent to 1.77 million tonnes in the January to March quarter.

The Indian operations account for about a quarter of the group's total annual global capacity of about 28 million tonnes, which includes unit Corus, Europe's second-largest steelmaker.

[caption id="attachment_270388" align="alignleft" width="380" caption="The company's crude steel production in India rose 2.6 percent in the quarter.Reuters"][/caption]

The company's crude steel production in India rose 2.6 percent in the quarter to 1.82 million tonnes, it said in a statement.

Sales from the Indian operations rose 3.4 percent for the full fiscal year ending March to 6.63 million tonnes, helped by a 6 percent jump in sales of flat products, used in cars and consumer goods.

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