Tata Steel Ltd.'s India crude steel production grew 5% in fiscal 2025, even as they fell quarter on quarter in the January-March period, according to a business update released on Monday.
Crude steel production stood at 21.8 million tons in FY25. Commissioning of India’s largest blast furnace at Kalinganagar and higher steel production at Neelachal Ispat Nigam Ltd. contributed to this growth, the company said.
In the fourth quarter, the crude steel production saw a slight dip quarter-on-quarter, standing at 5.51 million tonnes.
The steel major's India deliveries for the quarter under review stood at 5.6 MT. In the third quarter of fiscal 2025, its domestic steel deliveries were 5.29 MT, it said in a filing.
Domestic deliveries rose 4.4% year-on-year to 19.7 MT, leveraging India steel demand growth.
The company's India production volume for the quarter under review stood at 5.51 MT. In the previous quarter, its domestic production volume was at 5.69 MT.
Revenues from Tata Steel Aashiyana, an e-commerce platform for Individual Home Builders, were up 60% year-on-year to Rs 3,550 crore. Growth has been aided by enhanced reach as well as strategic initiatives to enhance consumer experience.
At the company's Netherlands subsidiary, liquid steel production in fiscal 2025 was at 6.7 MT and deliveries were at 6.2 MT. Production as well as deliveries were up year-on-year upon return to normal operating levels, post completion of reline of BF #6 in February 2024, the business update said.
At its UK arm, Tata Steel's liquid steel production was approximately 1.1 million tonne during the fiscal. Both the blast furnaces were closed at the end of second quarter of FY25. Presently, Tata Steel UK is servicing its customers via downstream processing of purchased substrate.
Tata Steel UK's delivery volumes stood at 2.5 MT for the January–March quarter, adversely impacted by subdued demand dynamics.
Tata Steel Ltd.'s share price slumped to the lowest level in over two months on Monday. It was trading 8.08% down at Rs 129.05 apiece as of 2:28 p.m., as compared to a 3.87% decline in the NSE Nifty 50.
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