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Informist, Monday, Apr. 7, 2025

 

--Tata Steel Jan-Mar India steel output 5.51 mln tn vs 5.40 mln tn year ago 

--Tata Steel FY25 India steel output 21.75 mln tn vs 20.78 mln tn year ago 

--Tata Steel Jan-Mar India steel deliveries 5.60 mln tn vs 5.42 mln tn yr ago 

--Tata Steel FY25 India steel deliveries 20.94 mln tn vs 19.91 mln tn yr ago 

 

MUMBAI – Tata Steel Ltd.'s crude steel production in India increased 2% on year to 5.51 million tonnes in the March quarter, but fell 3.2% sequentially. This was mainly due to the relining process underway at its 'G' blast furnace in Jamshedpur, the company said in an exchange filing Monday. Meanwhile, deliveries in Jan-Mar rose 3.3% on year and nearly 6% sequentially to 5.60 million tonnes, aided by higher sequential growth of around 9% in domestic deliveries.

 

For the financial year ended Mar. 31, the steel-maker reported a 5% rise in crude steel production in India to 21.75 million tonnes, following the commissioning of the blast furnace at Kalinganagar in Odisha and higher steel production at Neelachal Ispat Nigam Ltd. In line with the growth in production volumes, deliveries for 2024-25 (Apr-Mar) rose 5.2% to 20.94 million tonnes.

 

Deliveries from Tata Steel's automotive and special products vertical in Jan-Mar were up 10% on quarter, the company said. For FY25, deliveries of the vertical remained broadly similar on year at around 3.1 million tonnes. Branded products and retail vertical had the best-ever quarterly sales in the March quarter, Tata Steel said. The segment's deliveries increased 7% to around 7 million tonnes in FY25, aided by the performance of its well-established brands, including Tata Tiscon, Tata Astrum, and Tata Steelium.

 

Deliveries in the industrial products and projects vertical in Jan-Mar saw a 14% sequential growth. For FY25, the deliveries in the segment were flat from the previous year at around 7.3 million tonnes, because of growth in value accretive segments like engineering and ready-to-use solutions.

 

Tata Steel's Netherlands unit produced 1.63 million tonnes of liquid steel in Jan-Mar, up 10% on year and down 7.3% sequentially. Its deliveries for the period were 1.72 million units, up 20% on year. For FY25, the Netherlands unit's liquid steel production surged over 40% to 6.75 million tonnes, and deliveries rose around 17% to 6.22 million tonnes. The year-on-year growth in production and deliveries was on the back of a return to normal operating levels post completion of the reline of Blast Furnace #6 in February 2024, Tata Steel said.

 

Deliveries from Tata Steel's UK unit for Jan-Mar fell 7% on year to 640,000 tonnes. At the end of the September quarter, Tata Steel had closed two old blast furnaces in the UK. Currently, it is servicing customers through downstream processing of purchased substrate, the company said. For FY25, the unit delivered 2.51 million tonnes of liquid steel, down more than 10% from the previous year, impacted by subdued demand dynamics.

 

Both output and deliveries at Tata Steel Thailand remained flat on year in Jan-Mar at 310,000 tonnes and 320,000 tonnes respectively. For FY25, the unit produced 1.18 million tonnes of saleable steel, higher than 1.12 million tonnes produced year ago. Deliveries through this unit for the period were at 1.19 million tonnes, slightly above the 1.12 million tonnes delivered a year ago.

 

Revenues from Tata Steel Aashiyana, an e-commerce platform for individual home builders, rose 60% to INR 35.50 billion in FY25, aided by enhanced reach and strategic initiatives to enhance consumer experience, Tata Steel said.

 

The company had reported a consolidated net profit of INR 3.27 billion for the December quarter on a revenue of INR 536.48 billion. On Monday, shares of the company closed at INR 129.48 on the National Stock Exchange, down 7.8% from the previous close.  End

 

Reported by Arya S. Biju

Edited by Ashish Shirke

 

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