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Friday, 6 October 2017

Tata Steel gains on strong Q2 output figures: 6 Oct 2017

Tata Steel


Tata Steel gained on bourses on Friday’s intraday trade after posting its second-quarter sales data on Thursday, through a BSE filing.

In India, for Q2FY18 the production stood at 3.02 million tonnes vs 2.72 million tonnes in Q2FY17. Sales for Q2FY18 stood at 3.13 million tonnes vs 2.62 million tonnes in Q2FY17.

In Europe, for Q2FY18 the production stood at 2.60 million tonnes vs 2.68 million tonnes in Q2FY17. Sales for Q2FY18 stood at 2.60 million tonnes vs 2.26 million tonnes in Q2FY17.

In South East Asia, for Q2FY18 the production stood at 0.60 million tonnes vs 0.54 million tonnes in Q2FY17. Sales for Q2FY18 stood at 0.67 million tonnes vs 0.65 million tonnes in Q2FY17.

InTata Steel Jamshedpur plant, blast furnaces achieved Q2 production of 2.8 million tonnes in FY18. Cold Rolling Mill achieved best-ever Q2 production of 0.51 million tonnes in FY18.

In Tata Steel Kalinganagar plant, commissioning of metal recovery plant with hot trials & heating up of the second unit of the sulphur recovery in by-product plant.

Tata Steel Europe has witnessed higher deliveries reflecting stable market conditions and improved finishing processes.

Meanwhile on bourses, the stock gained 2.82% at Rs 678.80 per share on BSE attracting a total traded quantity of 1.20 lakh shares.
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