6 Jul 2022 , 11:38 AM
Deliveries stood at 4.06 million tons, declining by 2% yoy due to moderation in exports following the imposition of 15% export duty. However, Domestic deliveries were ramped up leveraging the company’s strong marketing network & agile business model and clocked growth of 5% yoy.
Tata Steel Europe steel production jumped 5% QoQ but was marginally lower on yoy basis. Total deliveries stood at 2.16 million tons and declined on yoy basis trailing the production.
Tata Steel Aashiyana’s revenue during the quarter, an e-commerce platform for Individual Home builders, registered a growth of 77% yoy to Rs457 crore.
Automotive & Special Products’ segment deliveries witnessed a growth of 22% yoy on a broad-based recovery across all sub-segments.
Tata Steel will continue to closely monitor the resurgence of COVID-19 cases and will take appropriate actions in accordance with the regulatory authorities while keeping in mind the health and safety of its employees and the community, as well as the interests of its customers and other stakeholders.
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