UditVani, Jamshedpur: Tata Steel has unveiled its provisional results for 3QFY25, demonstrating significant growth across its operations. India’s crude steel production rose to 5.68 million tons, marking an 8% QoQ and 6% YoY increase, driven by the commissioning of a 5 MTPA blast furnace at Kalinganagar in September.
Key Achievements in India
Tata Steel India recorded its highest-ever 3Q sales at 5.29 million tons, reflecting an 8% YoY and 4% QoQ increase. Strong domestic demand and strategic export activities contributed to this growth. For 9MFY25, deliveries rose 4% YoY to 15.34 million tons, supported by notable performance in key sectors:
– Automotive & Special Products: Deliveries reached approximately 2.3 million tons, with a 3% YoY rise in high-end products.
– Branded Products & Retail: Deliveries totaled ~5.1 million tons, up 6% YoY, led by brands like Tata Tiscon and Tata Steelium.
– Industrial Products & Projects: Deliveries stood at ~5.3 million tons, showcasing double-digit growth in engineering and ready-to-use solutions.
– E-Commerce: Revenue from Tata Steel Aashiyana surged 37% YoY to ₹2,154 crores, aided by customer-focused strategies.
Global Operations Highlights
– Tata Steel Netherlands: Achieved liquid steel production of 1.76 million tons and delivery volumes of 1.53 million tons in 3QFY25. Delivery volumes for 9MFY25 grew 16% YoY due to enhanced production capacity.
– Tata Steel UK: Focused on downstream operations after shutting its blast furnaces in 2QFY25, delivering 1.87 million tons during 9MFY25.
Expansion at Kalinganagar
The new blast furnace at Kalinganagar has achieved an operating rate of ~8,000 tons per day and is progressing toward full capacity. Additionally, the commissioning of the Continuous Annealing Line (CAL) in December at the 2.2 MTPA CRM complex has secured approvals from major OEMs.
Strategic Outlook
Tata Steel’s emphasis on high-value segments, coupled with robust e-commerce growth via Tata Steel Aashiyana, positions the company for sustained expansion. These strategic advancements in domestic and international operations highlight its ability to navigate market challenges effectively.
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