Tata Steel Q1 sales up 26.5 percent

Kolkata, July 10 (IANS) Tata Steel Wednesday said the company registered 26.49 percent increase in sales to 2.005 million tonnes in the quarter ended June 30, 2013, from 1.585 million tonnes during the corresponding period a year ago.

The Tata Group's flagship company produced 2.145 MT of saleable steel during the first quarter of this fiscal, up by 23.27 percent compared to the like period of previous fiscal.

During the period under review, the firm's hot metal production stood at 2.464 MT, while crude steel production stood at 2.223 MT, Tata Steel said in a filing to BSE.

The hot metal production of 2.464 MT was the best ever in a quarter and the previous best was 2.458 MT produced during the fourth quarter of the last fiscal.


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