Tata Steel India sales up 19% in Sept quarter

Tata Steel India sales up 19% in Sept quarter

Mumbai: Tata Steel Ltd, the world’s eighth-largest steel maker, said on Wednesday steel sales from its Indian operations rose 19% in July-September from a year earlier to 1.46 million tonnes.

Sales for the first half of the financial year that began in April rose 21% from a year ago to 2.88 million tonnes, the company said in a statement.

The Indian operations account for about a quarter of the group’s total annual global capacity of 30 million tonnes, which includes unit Corus, Europe’s second-largest steelmaker.

Sales of long products, used in construction, jumped 49% in April-September from a year earlier, the company said.

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