Tata Steel India FY'12 sales up 3.4% to 6.6 MT
New Delhi: Tata Steel Monday said its sales from Indian operation grew by 3.4 percent in FY'12 to 6.631 million tonnes over 2010-11, buoyed by a six percent rise in sales to automotive and Fast Moving Consumer Goods sectors.
The company, which had sold 6.416 million tonnes steel in 2010-11, undertook sales of 3.735 million tonnes flat products used in the automotive and the FMCG sectors, and 2.897 million tonnes of long products used in construction, it said in a statement.
The growth in sale of flat products was six percent over 2010-11, but it was almost static in case of long products. It had sold 2.878 million tonnes of long products in FY'11.
The company sold 1.768 million tonnes of steel in the final quarter of 2011-12, registering a growth of 3.3 percent over 1.712 million tonnes in the corresponding quarter of last fiscal.
Saleable steel production of the company during 2011-12 grew by 4.2 percent to 6.970 million tonnes over 6.691 million tonnes a year ago.
Crude steel output rose by 3.9 percent to 7.126 million tonnes against 6.855 million tonnes in 2010-11.
Saleable steel and crude steel production of the company during the last quarter of the 2011-12 fiscal had grown by 2.2 percent and 2.6 percent respectively to 1.777 million tones and 1.824 million tonnes.
Tata Steel shares closed at Rs 459.45 apiece at the BSE, down 3.21 percent over the previous closing.