Tata Steel Ltd said its sales increased 14% to 1.66 million tonnes (mt) in July-September quarter due to rise in demand for its products.
"Tata Steel sold 1.46 mt in the second quarter of the last fiscal. For the half-year ended 30 September 2010, it sold 6% more steel products at 3.06 mt against 2.87 mt in the year-ago period.
During the quarter, Tata Steel saw its saleable steel production surging by 6% to 1.61 mt from 1.51 mt during the same quarter last fiscal. For the half-year period, the production grew by 5% to 3.2 mt.
Crude steel output during the second quarter surged by 5% to 1.72 mt against 1.64 mt in July-September quarter of last fiscal. For the first half of FY'11, crude steel production surged by 7% to 3.35 mt from 3.14 mt in the year-ago period.
During the second quarter, hot metal production rose 6% to1.89 mt from 1.79 mt. For the first half of the current fiscal, hot metal production rose 7% to 3.72 mt (3.48 mt).
On Friday, Tata Steel shares ended 3.5% down at Rs626 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.3% to 20,250 points.
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