Tata Metal reported that its consolidated gross sales have been up 4 per cent within the June quarter at 7.46 million tonnes in opposition to 7.18 mt logged in the identical interval final yr. Nonetheless, on a sequential foundation gross sales have been down 5 per cent in comparison with 7.86 mt registered in March quarter.
The corporate’s manufacturing within the June quarter elevated 13 per cent to 7.96 mt (7.07 mt). Tata Metal India crude metal manufacturing stood at 5.25 mt was up 5 per cent on YoY foundation. Manufacturing was decrease QoQ in India resulting from deliberate upkeep shutdowns, mentioned the corporate.
Gross sales in India, at 4.94 mt (4.79 mt), have been up 3 per cent yr over yr, however they have been down 9 per cent in comparison with 5.42 mt recorded within the March quarter.
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