Tata Steel's sales rose 14 per cent from 7.48 million tonnes a year ago, buoyed by "best-ever" sales to the automotive, industrial products and LPG segments.
Tata Steel today said both its domestic annual production and sales hit record levels in 2013-14 at 9.15 million tonnes and 8.52 million tonnes, respectively. "Tata Steel completed FY14 with an overall increase in production and sales volumes. The company registered its best ever performance in hot metal, crude steel, saleable steel production and total sales," it said in a statement. Hot metal production, which the company started in 1907, exceeded the previous best at 9.89 million tonnes in the previous financial year against 8.86 million tonnes in 2012-13.
Crude steel production touched the highest-ever at 9.15 million tonnes compared with the previous best of 8.13 million tonnes in 2012-13. Saleable steel production of the company, which has its lone operational production plant at Jamshedpur with about 10 million tonnes per annum of installed capacity, clocked a 12 percent growth in the April-March period from 7.94 million tonnes a year ago.
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Tata Steel's sales rose 14 per cent from 7.48 million tonnes a year ago, buoyed by "best-ever" sales to the automotive, industrial products and LPG segments. Annual sales to the automotive, industrial products and LPG segments rose to 1.17 million tonnes, 1.7 million tonnes and 1.1 lakh tonnes, respectively.
Tata Steel Group's annual crude steel capacity now stands at over 29 million tonnes per annum. The group has production facilities in the UK, the Netherlands, Thailand, Singapore, China and Australia. Production of saleable steel clocked a 7 percent growth the January-March quarter, while sales rose 6 percent.
Tata Steel stock price
On April 15, 2014, Tata Steel closed at Rs 408.40, down Rs 11.7, or 2.79 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 6.91. 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 0.72.
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