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DRI production and sales are net of conversion volume.
DRI sales volume represents sales to external customers.
Key Highlights:
For 9MFY23, crude steel production was up 12% YoY while deliveries were up 6% YoY.
During the quarter, crude steel production and deliveries were higher on QoQ and YoY basis. Volumes include that of Neelachal Ispat Nigam (NINL), which began operations within 3 months of completion of acquisition.
NINL crude steel production stood at ~54,000 tons and deliveries stood at ~42,000 tons. NINL is presently undergoing ramp up to rated capacity of ~1 mn tons. Tata Tiscon rebars are being made from NINL billets.
For 9MFY23, DRI production and sales volumes were broadly similar. During the quarter, DRI production and sales were lower on QoQ basis as one of the two units started operating as a conversion unit for Tata Steel from end November.
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