Tata Steel reports record Ebitda in Q2 results

A summary of Indian steelmaker Tata Steel’s results for the July-September quarter (second quarter) of its 2021-22 financial year.

In brief
• Crude steel production from the company’s Indian operations increased quarter on quarter, as did deliveries
• Consolidated production was down quarter on quarter, but deliveries were up
• Automotive sales increased despite the semiconductor shortage
• The company will pursue the hydrogen route at IJmuiden with a detailed assessment under way
• Tata Steel has completed the divestments of its stake in NatSteel, Singapore

• During the second quarter, the company spent 21.91 billion rupees ($294 million) on capex, with work on the pellet plant, the cold-rolling mill complex and the 5 million...

Published

Carrie Bone

November 15, 2021

15:15 GMT

London