Tata Steel Q1 hot metal output up 2.4% at 2.59 MT

NEW DELHI: Tata Steel today reported a 2.4 per cent increase in its hot metal production at 2.59 million tonnes (MT) in the April-June quarter of the current fiscal compared with the same period a year ago.

The steel major had recorded an output of 2.52 MT in July-September of 2013-14.

"Tata Steel registered hot metal and crude steel production of 2.59 MT (up 2.4 per cent y-o-y) and 2.35 MT (up 0.5 per cent y-o-y), respectively, for Q1 FY16," the company said in a statement.

Saleable steel production of the company came in at 2.23 MT and sales rose 2 per cent to 2.14 MT from a year ago, it said.

The company said its pellet plant achieved its best-ever Q1 output at 1.43 MT.

The stock closed at Rs 280.55 on BSE, down 1.01 per cent.