Tata Steel gains 0.8% on higher steel output

NEW DELHI: Shares of Tata steel rose 0.8% in early trading Mumbai on Thursday as the country’s leading steel producer said its consolidated steel output rose 7% year-on-year to 7.78 million tonnes in the July-September quarter.

At 09:20 hours (IST), the steel producer’s scrip traded at Rs 1290.70 on the National Stock Exchange, registering a gain of 0.84% versus previous close.

In July-September, 2020-21 (Apr-Mar), Tata’s Steel’s consolidated steel production was at 7.25 million tonnes, the company’s earnings showed.


While steel output showed a gain; albeit not a hefty one, Tata Steel’s consolidated sales in July-September declined close to 6% to 7.4 million tonnes from 7.87 million tonnes a year ago.