"We have substantially improved our performance for the year ended March 31, 2017. The total flat steel production registered a growth of 47 per cent at 5.6 MT in FY17," the company said in a statement.
"Pellet production also grew by 60 per cent to 9.3 MT compared to 5.8 MT in the same period last year," it said.
During the fourth quarter, the company has recorded a growth of 25 per cent in flat steel production at 1.5 MT as against 1.2 MT in the same period last year. The company has registered a growth of 21 per cent in pellet production at 2.3 MT compared to1.9 MT the corresponding period of last year, the statement added.
Various measures taken by Ministry of Steel in the last fiscal led to the performance improvement of the steel sector, added Oommen.