Tata Steel Long Products Limited has reported 33% YoY surge in crude consolidated crude steel production in Octoober-Decemnber 2022 quarter due to inclusion of subsidiary Neelachal Ispat Nigam Limited’s crude steel production of 54,000 tonnes. NINL is presently undergoing ramp up to rated capacity of 1 million tonnes-----------------------------------------------------October-December 2022 Quarter ProductionDirect Reduced Iron – 183 KT, down 1% YoYCrude Steel - 228 KT, up 33% YoY-----------------------------------------------October-December 2022 Quarter SalesDirect Reduced Iron – 139 KT, up 11% YoYSaleable Steel - 194 KT, up 18% YoY----------------------------------------April-December 2022 ProductionDirect Reduced Iron - 620 KT, down 1% YoYCrude Steel - 580 KT, up 12% YoY---------------------------------April-December 2022 SalesDirect Reduced Iron - 447 KT, up 1% YoYSaleable Steel - 524 KT, up 6% YoYConsolidated results include the results for Tata Steel Long Products Limited and its subsidiary Neelachal Ispat Nigam Limited. The Company on 4 July 2022 had completed the acquisition of NINL for a total purchase consideration of INR 12,100. The Company’s holding in NINL’s equity shares is 95.96% as on the reporting date. NINL has restarted the Blast Furnace operations at its Kalinganagar plant in October 2022.Tata Steel Long Products Limited is one of India’s largest integrated Special Steel and Merchant Direct Reduced Iron players. The steel business has a rich product portfolio of carbon and alloy steel, which primarily caters to automotive customers as well as produces high-end wire rods. Tata Steel Long Products Limited is a subsidiary of Tata Steel Limited, wherein Tata Steel holds 74.91% equity shares.
Tata Steel Long Products Limited has reported 33% YoY surge in crude consolidated crude steel production in Octoober-Decemnber 2022 quarter due to inclusion of subsidiary Neelachal Ispat Nigam Limited’s crude steel production of 54,000 tonnes. NINL is presently undergoing ramp up to rated capacity of 1 million tonnes-----------------------------------------------------October-December 2022 Quarter ProductionDirect Reduced Iron – 183 KT, down 1% YoYCrude Steel - 228 KT, up 33% YoY-----------------------------------------------October-December 2022 Quarter SalesDirect Reduced Iron – 139 KT, up 11% YoYSaleable Steel - 194 KT, up 18% YoY----------------------------------------April-December 2022 ProductionDirect Reduced Iron - 620 KT, down 1% YoYCrude Steel - 580 KT, up 12% YoY---------------------------------April-December 2022 SalesDirect Reduced Iron - 447 KT, up 1% YoYSaleable Steel - 524 KT, up 6% YoYConsolidated results include the results for Tata Steel Long Products Limited and its subsidiary Neelachal Ispat Nigam Limited. The Company on 4 July 2022 had completed the acquisition of NINL for a total purchase consideration of INR 12,100. The Company’s holding in NINL’s equity shares is 95.96% as on the reporting date. NINL has restarted the Blast Furnace operations at its Kalinganagar plant in October 2022.Tata Steel Long Products Limited is one of India’s largest integrated Special Steel and Merchant Direct Reduced Iron players. The steel business has a rich product portfolio of carbon and alloy steel, which primarily caters to automotive customers as well as produces high-end wire rods. Tata Steel Long Products Limited is a subsidiary of Tata Steel Limited, wherein Tata Steel holds 74.91% equity shares.
