Tata Steel India Q2 sales up 19 pcthttps://indianexpress.com/article/news-archive/web/tata-steel-india-q2-sales-up-19-pct/

Tata Steel India Q2 sales up 19 pct

Sales for first half of the financial year that began in April rose 21 pct from a year ago.

Tata Steel,the world’s eighth-largest steel maker,said on Wednesday steel sales from its Indian operations rose 19 per cent in July-September from a year earlier to 1.46 million tonnes.

Sales for the first half of the financial year that began in April rose 21 per cent from a year ago to 2.88 million tonnes,the company said in a statement.

The Indian operations account for about a quarter of the group’s total annual global capacity of 30 million tonnes,which includes unit Corus,Europe’s second-largest steelmaker.

Sales of long products,used in construction,jumped 49 per cent in April-September from a year earlier,the company said.