Domestic deliveries grew by 9 per cent year-on-year driven by the higher demand for steel in the country.
Read More: Nestle India board approves hike in royalty payment to parent company
New Delhi: Tata Steel India recorded its highest annual crude steel production at 20.8 million metric tons in 2023-24, which represents a 4 per cent increase over the corresponding figure of the previous year, provisional data released by the company shows.
Read More: Kalyan Jewellers Q4 sales up 34% as gold demand remains firm
In the Jan-March quarter crude steel production was broadly stable and stood at around 5.38 million tonnes. Domestic deliveries grew by 9 per cent year-on-year driven by the higher demand for steel in the country. However, Tata Steel continued to face headwinds in its overseas operations.
Read More: Oil Prices Hit 6-Month High, Sparking Inflation Worries And Economic Uncertainty
The company’s production in the Netherlands was 4.8 million metric tons during 2023-24, down 24 per cent compared to the previous year, while production in the UK was 3.02 million metric tons, which was the same as the previous year, the company said.
