Corporate News
Tata Steel records a 16% rise in sales at 4.67 million tonnes in Q4 of FY 21

Steelmaker, Tata Steel has reported a 16% jump in sales at 4.67 million tonnes during the last quarter of FY 21, with crude steel production flat at 4.75 million tonnes. Tata Steel India reported an annual sales volume of 17.30 million tonnes in FY21, up by 1% year on year(yoy). The company’s annual production came down by 7% to 16.93 million tonnes in FY 21 as against 18.20 in FY 20. “Full-year FY21 production was lower by 7% yoy primarily due to the disruption caused by COVID-19 pandemic during the first half of FY 21,” the company said in a media statement on Tuesday, adding that the company remains focused on managing costs and cash flows while pursuing deleveraging.

News Source:- https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-records-a-16-rise-in-sales-at-4-67-million-tonnes-in-q4-of-fy-21/articleshow/81935025.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23