Tata Steel’s India Production Increases 55% in June Quarter
Indian Steel major, Tata Steel in an exchange filing on 4th July 2021 announced that its India-based units have produced 4.62 Metric Tonne (MT) of Crude Steel in the April-June quarter of FY22. This is 55% higher compared to 2.99 MT Crude Steel production in the same quarter last year. Last year’s low production was the result of COVID-19 pandemic’s first wave and the stringent nationwide lockdown.
Tata Steel India’s sales for Q1 FY-22 has also increased by 42% to 4.15 MT from 2.93 MT as compared to same quarter of FY-21.