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Tata Steel India crude steel production stood at 4.92 million tons, a growth of 6% YoY


Tata Steel: 1QFY23 Production and delivery volumes (Provisional)

Mumbai, July 05, 2022


§ In 1QFY23, Tata Steel India crude steel production stood at 4.92 million tons, a growth of 6% YoY. Deliveries at 4.06 million tons, were lower by 2% YoY due to moderation in exports following the imposition of 15% export duty. However, Domestic deliveries were ramped up leveraging our strong marketing network & agile business model and increased by 5% YoY.

§ Key segment highlights of domestic deliveries are:

o ‘Automotive & Special Products’ segment deliveries increased by 22% YoY on broad based recovery across all sub-segments.

o ‘Branded Products & Retail’ segment deliveries were broadly similar. Tata Tiscon registered its best ever first quarter sales enabled by expanded physical and virtual reach.

o ‘Industrial Products & Projects’ segment deliveries increased by 8% YoY, primarily driven by increase in sales of value-added products to key segments like Engineering etc.

o Revenues from Tata Steel Aashiyana during the quarter, an e-commerce platform for Individual Home builders, grew by 77% YoY to Rs. 457 crores.

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