On October 6, 2024, Tata Steel announced its production and delivery volumes for Q2 FY25.
The company’s Indian operations recorded a 5 per cent year-on-year increase in crude steel production, reaching 5.27 million tons. Domestic deliveries also saw a 5 percent rise, totalling approximately 4.9 million tonnes.
The shares of Tata Steel Limited were trading at ₹164.42 down by ₹2.33 or 1.40 per cent on the NSE today at 11.15 am.
The company’s Netherlands facility maintained stable production at 1.68 million tonnes, while its UK operations experienced a significant decrease, with liquid steel production dropping to 0.38 million tonnes from 0.76 million tonnes in Q2 FY24.
- Also read: Tata Steel shuts ‘legacy iron and steelmaking’ assets at Port Talbot
This decline follows the closure of the remaining blast furnace at Port Talbot, marking a shift towards greener steelmaking methods.
Tata Steel successfully commissioned India’s largest blast furnace at Kalinganagar in September, increasing the country’s crude steel capacity to 26.6 MTPA.
The company’s e-commerce platform for individual home builders, Tata Steel Aashiyana, reported record first-half revenues of ₹1,263 crores.