Tata Steel BSL Limited (formerly Bhushan Steel Ltd) has announced the Q3 FY19 & 9M FY19 Key Production and Sales Figures.
The Crude Steel production during 3Q FY19 was at 1.04 million tonnes (provisional) as against 0.96 million tonnes during 3Q FY18 and 1.05 million tonnes during 2Q FY19.
The Crude Steel sales during 3Q FY19 was at 0.92 million tonnes as compared to 1 million tonnes in 3Q FY18 and 1.14 million tonnes during 2Q FY19.
Production was in-line with 2Q FY19; Sales volume in 3Q FY19 was lower as 2Q FY19 sales volume included inventory sell-down. Sales was also affected due to softer demand in 3QFY19, mainly in automotive and appliance segments, and inventory replenishment.
Shares of BHUSHAN STEEL LTD. was last trading in BSE at Rs.36.9 as compared to the previous close of Rs. 37.15. The total number of shares traded during the day was 132724 in over 526 trades.
The stock hit an intraday high of Rs. 37.45 and intraday low of 36.25. The net turnover during the day was Rs. 4891625.