Last checked at 9 Oct 2013 11:07
Tata Steel's Q2 & H1 FY'14 Key Production & Sales Figure
Jamshedpur, October 9, 2013: Tata Steel registered Hot Metal production of 2.46 million tonnes in Q2 (up by 19% y-o-y) and 4.93 million tonnes in H1 (up by 20% y-o-y). Crude steel production was 2.29 million tonnes in Q2 (up by 19% y-o-y) and 4.51 million tonnes in H1 (up by 21% y-o-y). Saleable Steel production increased by 18% y-o-y in Q2 (to 2.2 million tonnes) and by 21% y-o-y in H1 (to 4.35 million tons). Deliveries were 2.03 million tonnes in Q2 (up by 18% y-o-y) and 4.04 million tonnes in H1 (up by 22% y-o-y).
The key production and sales figures are given below:
Figures in '000 tonnes
Items | Quarterly | Half-yearly | |||
Q2 FY"13 | Q1 FY"14 | Q2 FY"14 | H1 FY"13 | H1 FY"14 | |
Hot Metal | 2,070 | 2,464 | 2,464 | 4,123 | 4,929 |
Crude Steel | 1,927 | 2,223 | 2,290 | 3,745 | 4,513 |
Saleable Steel | 1,869 | 2,145 | 2,206 | 3,609 | 4,351 |
Sales | 1,730 | 2,005 | 2,038 | 3,316 | 4,043 |
Major Highlights
· Merchant Mill achieved its best half yearly production at 0.199 million tonnes (Previous best 0.194 million tonnes in H1 FY'13).
· New Bar Mill achieved its best ever quarterly production of 0.225 million tonnes (Previous best 0.222 million tonnes in Q1 FY'14), and best half yearly production at 0.447 million tonnes (Previous best 0.411 million tonnes in H2 FY'13).
· Best half yearly production of Saleable Steel in Flat Products at 2.81 million tonnes in H1 (Previous best 2.72 million tonnes in H2 FY'13).
· Performance of the recently commissioned units under the 3 MTPA expansion -
a. Pellet Plant has produced more than 2 million tonnes of pellet in H1.
b. I Blast Furnace surpassed the H1 target producing 1.55 million tonnes of Hot Metal.
c. LD#3 & TSCR have touched the 1 million tonne production level in H1.
· Flat Product sale is best ever in H1 at 2.66 million tonnes (Prev. best 2.59 million tonnes in H2 FY'13).
Other Highlights
· Tata Steel has been adjudged as the Best Performing Integrated Steel Plant in the country for 2011-12 by the Prime Minister's trophy assessment team.
· Eleven employees of Tata Steel have been conferred with the prestigious Prime Minister's Shram Awards for the year 2012 by the Government of India.
About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 29 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 24.82 billion in FY 13, has over 80,000 employees across five continents and is a Fortune 500 company. The Group's vision is to be the world's steel industry benchmark in "Value Creation" and "Corporate Citizenship" through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management. In 2012, Tata Steel became the first integrated steel company in the world to win the Deming Grand Prize 2012 instituted by the Japanese Union of Scientists and Engineers.
Head, Corporate Affairs & Communications
Tata Steel