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Iron And Steel | November 15, 2013
#40086

Tata Steel posts Rs 917 cr net on improved biz

In the second quarter, Tata Steel on November 13 reported a consolidated net profit of Rs 917 crore against a net loss of Rs 364 crore a year ago, mainly because of improved share in the domestic market coupled with better pricing and rising volume in its largest market, Europe.    Total income from operations rose to Rs 36,645 crore, up around 7.4 per cent against Rs 34,132.73 crore clocked in the same quarter last fiscal.

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