According to the regulatory filing, Tata Steel BSL's 4QFY21 sales volumes increased by 4% qoq and 22% yoy to 1.19 mn tons, driven by higher production and improved market conditions. Tata Steel BSL achieved the highest-ever annual sales volumes at 4.31 mn tons with 4%YoY growth despite COVID-19 pandemic induced disruption.
Further, Tata Steel BSL increased its domestic deliveries by 6% qoq to 1,006 thousand tons and reduced exports from 18% in 3QFY21 to 16% in 4QFY21.
Tata Steel BSL said that the company remains focused on aggressively managing costs and cashflows while pursuing deleveraging.
At around 10.10 am, Tata Steel BSL was trading at Rs56.65 per piece up by 1.98% on Sensex. The stock has hit a new all-time high of Rs57.10 per piece during early deals on the index.