Tata Steel Ltd. on Tuesday reported healthy growth in local crude steel production and deliveries in the fourth quarter of the financial year ended March 2026.
India production surged 15% year-on-year to 6.25 million tons in the January-March period, according to provisional data released through a stock exchange filing. Deliveries jumped 10% to 6.19 million tons and registered the "best-ever quarterly" volumes, Tata Steel said. "Domestic deliveries crossed 20 million tons for the first time, highlighting our strong market positioning and enduring customer relationships."
Production in the Netherlands and Thailand was flat during the quarter. Deliveries in Europe fell to 1.7 million tons from 1.75 million tons last year. In the UK, it declined to 0.52 million tons from 0.63 million tons.
For the whole year, Tata Steel India achieved best-ever annual crude steel production of 23.48 million tons. Production was up 8% YoY primarily aided by Kalinganagar ramp-up, partly offset by shutdown of ‘G' blast furnace for relining at Jamshedpur. Deliveries increased in-line with production leading to ‘best-ever annual' volumes of 22.53 million tons, the filing said.
Share Price Movement
Tata Steel shares traded flat at Rs 196 on the NSE as of 2:05 p.m., compared to a 0.2% gain in the benchmark Nifty 50. The stock is up 52% in the last 12 months and 8% year-to-date.
The company is yet to announce the date of its board meeting to consider and approve its financial results for the March quarter.
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