Tata Steel Q1 results to match growth: Nerurkar

摘要

Tata Steel has indicated a 'satisfactory' first quarter of FY14, matching the 5%-6% economic growth the country is currently witnessing, despite a few days remaining till the quarter-end. With the completion of its expansion project the steel major's Indian operations have from January this year shifted fully to its new hiked plant capacity of 9.7 million tonne per annum (mtpa)from the earlier 7.2 mtpa capacity Asked by FE at Friday's inauguration of Rajeev Associates' heat treatment plant at the Adityapur industrial area how the first quarter had been so far for the company, Tata Steel managing director H M Nerurkar said, "It should be okay; the volumes are matching our targeted production for the year".