The Hot Metal and Crude Steel production of 9.90 million tonnes (MT), up 11.74 percent Y-o-Y and 9.15 MT, up 12.55 percent Y-o-Y, respectively, Tata Steel Managing Director T V Narendran said.
Tata Steel in 2013-14 has achieved a record production of Hot Metal and Crude Steel as well as saleable steel, a senior official of the company said today.
The Hot Metal and Crude Steel production of 9.90 million tonnes (MT), up 11.74 percent Y-o-Y and 9.15 MT, up 12.55 percent Y-o-Y, respectively, Tata Steel Managing Director T V Narendran said.
The company had produced 8.86 MT hot metal and 8.13 MT crude steel in FY13, he said.
Talking to reporters here on the company's performance in FY14, Narendran said on the backdrop of challenging market, Tata Steel has registered a 12.72 percent increase in saleable steel production at 8.95 MT against 7.94 MT.
Narendran said the company has set a target to produce 10.55 MT (up by 6.56 percent) of hot metal, 9.75 MT crude steel (up by 6.56 percent) and saleable steel by 9.46 MT (up by 5.70 percent) in FY'15.
He said all necessary clearances have been procured to achieve the target, which would be maximum capacity of the company at its Jamshedpur facility.
He also said that the demand for steel as well as its consumption was likely to grow by 1.2 to 1.3 percent of the GDP , which was forecast to grow by 5 to 6 percent.
Asked whether the steel sector would grow if a new government comes to power after the Lok Sabha elections, Narendran said that the new government must invest in the infrastructure sector which would help grow the demand of steel as well as its consumption.
Asked whether the company has shelved the proposed Jharkhand project, Narendran said the company's focus is now on its Kalinganagar project in Odisha, which was likely to be commissioned in the last quarter of 2015.
Tata Steel stock price
On April 01, 2014, Tata Steel closed at Rs 401.30, up Rs 7.45, or 1.89 percent. The 52-week high of the share was Rs 435.40 and the 52-week low was Rs 195.40.
The company's trailing 12-month (TTM) EPS was at Rs 59.13 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 6.79. The latest book value of the company is Rs 568.46 per share. At current value, the price-to-book value of the company is 0.71.
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