AT A GLANCE: Tata Steel reports earnings up on more production, deliveries

A summary of the full-year and final-quarter financial results for Indian steelmaker Tata Steel’s 2020-21 year, ended March 31.

In brief Indian production fell year-on-year, but earnings and deliveries increased. Consolidated full-year results showed lower production and deliveries but higher earnings. Work on the pellet plant and cold-rolling complex at Kalinganagar is continuing. Tata has restarted its 5 million tonne per year expansion project, which should be completed in the 2024 financial year. Key figures (Year-on-year comparison) India, full year April 2020-March 2021 Production: 16.92 million tonnes, down from 18.20 million tonnes Deliveries: 17.31 million tonnes, up from 16.97 million tonnes Earnings before interest, taxes, depreciation and amortization (Ebitda):...

Published

Carrie Bone

May 10, 2021

14:50 GMT

London