Tata Steel completed the first quarter of FY’11 with a significant increase in its production. Hot metal production at 1.824 million tonnes and crude steel production at 1.627 million tonnes was higher by 8.24% and 8.25% respectively, as compared to volumes in the first quarter last year. The saleable steel production at 1.591 million tonnes registered an increase of 3.17 %.

The first quarter sales at 1.396 million tonnes, were almost similar to that of the corresponding period of last year, primarily on account of weak market sentiments in commercial segment of Flat Products and excessive imports of hot rolled coil from China. However the demand from auto sector was robust and there was 20% increase in sales as compared to sales of the corresponding period of last year. The Long Products sales were higher by 8 % as compared to sales of the corresponding period of last year.

Other Highlights

• The Environmental Clearance for 9.7 mtpa project at Jamshedpur has been granted by Ministry of Environment & Forests, Govt. of India.
• Tata Steel has been awarded the FE-EVI Green Business Leadership Award in the Iron & Steel category for the year 2009-10.
• Tata Steel has been ranked among the world’s top ten of the “Most Admired Company” rated by Fortune magazine and the Hay Group.
• Tata Steel was awarded with the Business world-FICCI-SEDF Corporate Social Responsibility award 2009 by Shri Anand Sharma, Union Minister for Commerce and Industry, Government of India.