Monday, September 7, 2009

Tata Steel sales up 25 pc in Aug

The world's eighth largest steel company, Tata Steel, which suffered a loss of more than Rs 22 billion during last quarter, today annouced that it has recorded a substantial increase of 25 per cent in the sales of its India operations in August.

According to the sales and production figures of the company's India operations released here today, the total sales during August 2009 was 492000 tonnes, 25 per cent higher than that of August 2008.

Production of hot metal (597000 tonnes), crude steel (552000 tonnes) and saleable steel (526000 tonnes) also went up by 15 per cent, 16 per cent and 14 per cent respectively as compared to the corresponding period of last year.

The production figures of hot metal was a highest ever record for any month.
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