Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Tata Steel India reported a 6% increase in deliveries to 19.90 million tonnes in FY24, driven by increased retail, automotive, and railway demand. According to a statement from Tata Steel, the company produced 18.85 million tonnes (MT) of steel in India in the previous fiscal year, 2022–2023.
Deliveries of automotive and special products climbed by 8% in FY24 to 2.9 MT, breaking the previous record set in FY23. Deliveries of branded products and retail segments climbed by 11% to 6.5 million tonnes. Deliveries in the industrial products and projects segment increased by 6% to 7.7 MT.
The company said that among sub-segments, engineering registered the best-ever annual sales led by pre-engineered buildings and railways, among others. "Revenues from Tata Steel Aashiyana, an e-commerce platform for Individual Home Builders, stood at ₹2,240 crore in FY24 and were up 30% driven by best-ever 3Q and 4Q sales," it added.
The company in India produced a record 20.8 MT crude steel in 2023-24, 4% higher than the previous fiscal year's 19.88 MT.
In 4Q FY24, crude steel production stood at around 5.38 MT, compared to 5.15 MT in Q4 FY23. Tata Steel Netherlands liquid steel production in FY24 was 4.80 MT, and deliveries were 5.30 MT.
In FY23, the output was 6.33 MT, and sales stood at 5.62 MT. Tata Steel UK's liquid steel production in FY24 stood at 3.02 MT, and deliveries were at 2.80 MT. In FY23, the output was 3.02 MT and sales at 2.95 MT.
Also Read : JSW Steel, led by Sajjan Jindal, eyes $750 million loan for expansion NTPC plans to take green energy arm public in FY 2024-25
The Prime Minister's Office (PMO) is expected to evaluate the impact of Red Sea crisis on trade as e...
Business 09-Feb-2024
Tata Steel shares snapped a three-session losing streak on Thursday, March 5, 2026, rising 3.1...
Business 05-Mar-2026
Tata Steel reported a sharp turnaround in its December quarter performance, with consolidated profit...
Business 07-Feb-2026
MOIL is set to diversify by stepping into iron ore mining operations. The move aligns with India&rs...
Business 21-Apr-2025
Union Minister Jyotiraditya M Scindia will launch Jindal Stainless Ltd's (JSL) first green hydrogen...
Large Corporate 26-Feb-2024
The Saudi Arabian Oil Co. (Aramco) and domestically produced Welspun Corp Ltd. declared that their p...
Large Corporate 03-Jun-2024