Posted on 02 Apr 2018
Tata Steel achieved its highest-ever annual sales of 12.13 million tonne in FY18 and registered a growth of 11% against a market growth of around 5%, the company said in a statement.
The company's annual sales growth was driven by sales in automotive sector which registered a growth of 21% in FY18 against an industry growth of 14%. The growth was mainly driven by two-wheelers & three- wheelers. Tata Steel also reported a 9% year-on-year increase in sales of Branded Products & Retail sector in FY18.
Tata Steel also said it touched the of one million tonne mark in annual exports in FY18. Tata Steel's blast furnaces in Jamshedpur achieved best-ever hot metal production in FY18 of 10.95 million tonne, beating its previous best figures of 10.83 million tonne in FY17. It also reported its best-ever saleable steel production of 9.78 million tonne in FY18 compared to its previous best of 9.70 million tonne in FY17.
