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Deliveries in India reached a record 5.29 MT for the quarter, up 8.4% YoY, driven by robust domestic sales and strategic export initiatives.
“Tata Steel India deliveries were the ‘best ever 3Q’ sales at 5.29 million tons. Deliveries were up 4% QoQ and 8% YoY, aided by steady sales in the domestic market and strategic presence in exports. For 9MFY25, deliveries were at around 15.3 million tons, with 4% YoY growth in domestic deliveries,” the company said in a stock exchange filing.
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Key verticals in India showed strong performance for the nine months ended December 31, 2024 (9MFY25). Automotive and special products deliveries grew 3% YoY, while branded products and retail deliveries rose 6%, aided by a 20% YoY growth in Tata Tiscon and 7% in Tata Steelium.
Industrial products and projects deliveries remained steady, with value-added segments witnessing double-digit growth. Tata Steel Aashiyana, the company’s e-commerce platform, saw a 37% YoY revenue increase to ₹2,154 crore.
Tata Steel Netherlands reported liquid steel production of 1.76 MT for the quarter, with deliveries at 1.53 MT, marking a 16% YoY growth for 9MFY25.
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“Tata Steel Netherlands liquid steel production for the quarter stood at 1.76 million tons and deliveries were 1.53 million tons. Deliveries include volumes to UK operations of around 0.12 million tons. For 9MFY25, deliveries were up 16% YoY, primarily due to improved production,” Tata Steel said.
Conversely, Tata Steel UK’s production stood at zero for the quarter due to the closure of its blast furnaces in Q2FY2025. Deliveries dropped 12.5% YoY to 0.56 MT. However, the company has reconfigured its supply chain to sustain customer servicing through downstream processing of purchased substrates.
“Following the closure of the blast furnaces at the end of 2QFY25, TSUK has successfully reconfigured its supply chain to continue servicing customers via downstream processing of purchased substrate. For 9MFY25, deliveries stood at 1.87 million tons and were adversely impacted by subdued demand dynamics,” it added.
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Shares of Tata Steel Ltd ended at ₹133.35, up by ₹1.15, or 0.87%, on the BSE.
(Edited by : Shoma Bhattacharjee)
