sixth-largest steel maker since its acquisition of Corus, Tata Steel Ltd has reported
its consolidated quarterly earnings having risen over six times. In January, this
year, it wrested UK-based Anglo-Dutch steel maker Corus Plc in a biding war with
Brazilian steel firm CNS.
its consolidated results for the first time since the Corus acquisition, Tata
Steel said its post-tax profit rose to Rs63.88 billion rupees for April-June,
from Rs10.14 billion in the year-ago quarter.
net revenue also include other international operations such as NatSteel and Tata
Steel (Thailand) rose more than five times to Rs315.55 billion from Rs57.48 billion
a year earlier.
July, Tata Steel had said its standalone net profit rose 28 per cent to Rs12.22
billion in the fiscal first-quarter ended June.
also see : Other
reports on Tata Steel