/ Tata Steel Posts Robust Q1 FY18 Sales Data ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 3 July 2017

Tata Steel on Saturday posted its provisional production and sales data for Q1FY18.

Sales in Q1 FY18 registered a volume growth of 28% over same period of the last year. In the automotive segment, sales volume grew by 16% (y-o-y). Q1 FY18 exports volume grew 17 times over Q1 FY17.

The company also witnessed a growth of 46% in sales volume (y-o-y) in small and medium enterprises segment.

Tata Steels Jamshedpur plant’s blast furnaces achieved hot metal production of 2.73 million tonnes in Q1 FY18 (previous 2.67 million tonnes in Q1 FY17) (q-o-q).

Blast Furnaces achieved lowest coke rate of 348 Kg/thm in Q1 FY18 (previous 359 Kg/thm in Q1 FY17) & highest coal rate of 189 Kg/thm in Q1 FY18 (previous 181 Kg/thm in Q1 FY17) (q-o-q)

Tata Steel’s Kalinganagar plant has successfully increased pulverised coal injection system for the blast furnace.

Meanwhile, during Monday’s trade the stock traded in a positive territory gaining over 1% at Rs 550.35 per share on BSE. The stock also traded on a new 52 week high of Rs 552.00 per share on BSE.

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