Tata Steel Reports Highest Ever Annual Deliveries Despite Pandemic

Jamshedpur 7th April 2021: Tata Steel India achieved the highest ever quarterly crude steel production of 4.75 mn tons with a 3%QoQ growth in 4QFY21.
Full-year FY21 production was lower 7%YoY primarily due to the disruption caused by the COVID-19 pandemic in 1HFY21.
Tata Steel India delivery volume increased by 16%YoY to 4.67 mn tons in 4QFY21; domestic deliveries increased 22%YoY to 4.17 mn tons on the back of the company’s robust marketing network and improved market conditions. Exports were at 11% of overall deliveries.
Tata Steel India achieved the highest-ever annual delivery volume of 17.30 mn tons in FY21, despite the COVID-19 pandemic induced disruption in 1HFY21.
Key segment highlights of the domestic deliveries are: ‘Automotive & Special Products’ segment deliveries grew by 13%QoQ and 57%YoY to 0.78 mn tons in 4QFY21. Then, ‘Branded Products & Retail’ segment deliveries grew 3%QoQ and 23%YoY to 1.45 mn tons in 4QFY21. Gross revenue generated through ‘Aashiyana’, the online platform for Individual Home-Builders, crossed the quarterly revenue of milestone of Rs. 300 crores in 4QFY21, registering a growth of 43%QoQ and 200%YoY.
Tata Steel continues to closely monitor the resurgence of COVID-19 cases and take appropriate actions in line with the directions issued by the regulatory authorities keeping in view the health and safety of its employees and the community and the interests of its customers and other stakeholders.
The company remains focused on aggressively managing costs and cashflows while pursuing deleveraging.

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