On January 7, 2025, Tata Steel reported an operational update for the quarter and nine months ended December 31, 2024. During Q3FY25, Tata Steel India’s crude steel production reached 5.68 million tons, reflecting an 8% increase in QoQ and a 6% increase YoY, which was backed by the commissioning of the 5 MTPA blast furnace at Kalinganagar in September 2024. Currently, the new blast furnace is operating at approximately 8,000 tons per day (tpd), with a ramp-up to its rated capacity in progress. For the first nine months of FY2025 (9MFY25), production saw a 5% YoY increase, totalling 16.2 million tons.
Tata Steel India achieved its best-ever Q3 sales, with deliveries totalling 5.29 million tons. This indicates a 4% QoQ increase and an 8% YoY increase, backed by strong performance in both the domestic and export markets. For 9MFY25, deliveries totalled approximately 15.3 million tons, with domestic deliveries growing by 4% YoY.
Deliveries from the Automotive & Special Products vertical reached around 2.3 million tons, driven by a 3% YoY growth in high-end products. The Continuous Annealing Line (CAL), part of the 2.2 MTPA Cold Rolled (CRM) complex at Kalinganagar, was commissioned in December, receiving approvals from major Original Equipment Manufacturers (OEMs).
Deliveries in the Branded Products & Retail vertical totalled approximately 5.1 million tons, marking a 6% YoY growth. This was driven by strong performance in well-established brands. Tata Tiscon (retail brand) deliveries grew by ~20% YoY, while Tata Steelium (cold rolled brand for SMEs) saw a 7% YoY increase.
The Industrial Products & Projects vertical achieved deliveries of around 5.3 million tons, remaining broadly stable on a YoY basis. However, high-value segments such as Engineering and Ready-to-use solutions experienced double-digit growth.
Tata Steel Aashiyana, an e-commerce platform catering to individual home builders, saw revenues increase by 37% YoY, reaching Rs. 2,154 crores. This growth was driven by several strategic initiatives aimed at enhancing the consumer experience.
Tata Steel Netherlands recorded liquid steel production of 1.76 million tons for the quarter, with deliveries totalling 1.53 million tons. The deliveries included approximately 0.12 million tons to UK operations. For 9MFY25, deliveries increased by 16% YoY, primarily due to improved production.
Following the closure of the blast furnaces at the end of 2QFY25, Tata Steel UK (TSUK) successfully reconfigured its supply chain to continue serving customers through downstream processing of purchased substrates. For 9MFY25, deliveries stood at 1.87 million tons but were adversely impacted by subdued demand dynamics.
On January 8, 2025, Tata Steel share price opened at ₹133.70 and touched the day high of ₹134.25 at 09:20 AM.
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Published on: Jan 8, 2025, 9:25 AM IST
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