Masterstroke by Noel Tata, Ratan Tata’s one of favorite company Tata Steel’s crude steel production rises by…
GH News January 08, 2025 04:06 PM
Tata Steel one of the leading global steel producers reported a 6% growth in crude steel production in India during the third quarter of FY25. The company’s output increased to 5.68 million tonnes (MT) compared to 5.35 MT in the same quarter of the previous fiscal year.
Tata Steel India crude steel production stood at 5.68 million tonnes. Production was up eight per cent quarter-on-quarter and six per cent year-on-year aided by the commissioning of the five MTPA blast furnaces at Kalinganagar in September the steel firm said in a regulatory filing.
Tata Steel Performance
Deliveries in India reached 5.29 MT for the third quarter up 8.4 per cent year-on-year due to steady sales in the domestic market and strategic presence in exports.
Tata Steel Netherlands reported liquid steel production of 1.76 million tonnes for the third quarter with deliveries at 1.53 million tonnes. Deliveries include volumes to UK operations of around 0.12 million tonnes. For nine months of FY25 deliveries were up 16 per cent year-on-year primarily due to improved production the filing said.
Tata Steel UKs output stood at zero for the quarter on account of closure of its blast furnaces in the second quarter of FY25. Deliveries dropped 12.5 per cent year-on-year to 0.56 million tonnes.
The growth in crude steel production reflects Tata Steel’s operational efficiency and market demand. Following the closure of blast furnaces in the UK at the end of Q2 FY25 Tata Steel UK successfully reconfigured its supply chain to maintain customer service through downstream processing of purchased substrate. Tata Steel Group remains a top global steel producer with an annual crude steel capacity of 35 million tonnes.
Tata Steel Financial Performance In Q2 FY25
Net Profit Recovery: Tata Steel posted a consolidated net profit of ₹758.84 crore in Q2 FY25 a significant turnaround from the ₹6511.16 crore net loss recorded in Q2 FY24.
Revenue Decline: Total revenue from operations declined by 3.19% YoY to ₹53904.71 crore in the quarter ended September 30 2024.
Tata Steel’s continued growth in production and its recovery in profitability highlight its resilience and strategic focus on operational excellence despite challenges in the global steel market.
Ratan Tatas connection to Tata Steel is significant as he worked at the company for many years and held the position of Chairman.
(With inputs from PTI)