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Tata Steel BSL performance update for 2018-19

Steel News - Published on Tue, 09 Apr 2019

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FY19 Crude Steel production crossed 4 million tonne mark during the year; the production increased by 9.4% YoY mainly due to higher mill availability with improvement in maintenance practices and uninterrupted raw material supply. FY19 Sales grew by 6.5% YoY with higher production, and many new initiatives taken in the market place like launch of branded products, value added products and new customer acquisition. 4QFY19 Sales increased by 23% YoY and 25% QoQ.

Items4QFY19 (Provisional)3QFY19 (Actual)4QFY18 (Actual)FY19 (Provisional)FY18 (Actual)
Crude Steel Production1,0251,0399994,1563,799
Saleable Steel Sales1,1489179324,0583,811

Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, is India's fifth largest flat steel producing company with an existing capacity of 5.6 million tonnes per annum as on March 31, 2018. It has India’s largest Cold Rolled Steel Plant and is one of the largest suppliers of automotive grade and high carbon special steel in the country. The company recorded a gross revenue of USD 2675.79 million (INR 17,404 crore) in FY18. The organization is spread across India with an employee base of over 5,600. On May 18, 2018, the company was acquired by Tata Steel Limited through its wholly-owned subsidiary Bamnipal Steel Limited.

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Posted By : Ratan Singh on Tue, 09 Apr 2019
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