Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2018. It is one of the world’s most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries.
During the first quarter of the current financial year, the Indian operations have achieved a production growth of 3.17% over the Q4 of the 2018, mainly due to better plant availability at Kalinganagar. The Automotive & Special Products segment has achieved highest-ever quarterly sales of 557 KT in Q1 FY19 due to stronger demand and new product approvals. The Branded Products and Retail business has achieved the highest-ever Q1 sales of 975 KT, registering a growth of 12% compared to 873 KT in Q1 FY18. Overall Engineering Segments have registered 70% YoY growth with 97 KT sales in Q1 FY19 against 57 KT sales in Q1 FY18.
Also, Tata Steel’s Europe operations registered a moderate growth due to improved plant availability.