Tata Steel’s profit slides 65% to Rs 555 crore

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MUMBAI: Tata Steel reported a 65% decline in quarterly profit due to cheaper price realisations and one-time loss. Profit stood Rs 555 crore within the March quarter, down from Rs 1,566 crore a 12 months in the past. It reported a one-time lack of Rs 594 crore due to restructuring and impairment provisions associated to surrendering a chromite mining block in India.
Profit was harm by decrease realisations throughout geographies.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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