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Tata Steel sales increase 12% at 2.62 million tonnes in Q2FY17

Tata Steel has reported 12% rise in sales to 2.62 million tonne (mt) in the second quarter ended September 30, 2016 as compared to 2.33 mt sold in previous corresponding period. During April to September period of current fiscal, the company's sales increased by 6 percent to 4.77 MT from 4.48 MT during the same period last year.

Furthermore, Crude steel production of the company has rose by 12% to 2.81 MT in the September quarter from 2.51 MT during the same period in 2015-16. In the first six months, output was up by 10% to 5.34 MT from 4.85 MT in the year-ago period. Saleable steel production was higher by 13% to 2.73 MT in the July-September quarter of 2016-17 from 2.41 MT during the same quarter in 2015-16. In the first six months of this fiscal, saleable steel production rose by 9 percent to 5.06 MT from 4.64 MT during the same period in 2015-16.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world's second most geographically diversified steel producer and a Fortune 500 Company.

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