Tata Steel BSL continues to improve capacity utilization as per its ramp up plans for the year. 1QFY20 production was higher by 7% on YoY basis; driven by higher mill availability.
The crude steel production was higher by 6.67% at 1.12 million tons (MT) in 1QFY20 as against 1.05 MT in 1QFY19.
The steel sales stood at 0.86 MT during 1QFY20 as compared to 0.85 MT in 1QFY19, up by 1.17% YoY.
Sales in 1QFY20 remained broadly in-line with 1QFY19 amidst sluggish demand in domestic and international steel markets.
Shares of Tata Steel Bsl Ltd was last trading in BSE at Rs.29 as compared to the previous close of Rs. 28.55. The total number of shares traded during the day was 34114 in over 151 trades.
The stock hit an intraday high of Rs. 29.5 and intraday low of 28.4. The net turnover during the day was Rs. 987896.