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At home, Tata Steel outperformed peers

In the last 5 years, the company invested Rs 40,000 crore; further expansion in Jamshedpur in the works

Ishita Ayan Dutt  |  Kolkata 

There are two sides to Tata Steel, a struggling European operation at the centre of attention since the $12-billion acquisition in 2007 and a consistently profitable Indian business that has managed to outperform not only its other half by far but also peers in the domestic market. In terms of profits, Tata Steel India has always been ahead of JSW Steel and Steel Authority of India Ltd (SAIL). The contrast got starker in financial year 2016, when the steel major recorded a net profit of Rs 4,901 crore as against a standalone loss of Rs 3,498 crore by JSW Steel and Rs 4,137 crore by ...

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At home, Tata Steel outperformed peers

In the last 5 years, the company invested Rs 40,000 crore; further expansion in Jamshedpur in the works

In the last 5 years, the company invested Rs 40,000 crore; further expansion in Jamshedpur in the works There are two sides to Tata Steel, a struggling European operation at the centre of attention since the $12-billion acquisition in 2007 and a consistently profitable Indian business that has managed to outperform not only its other half by far but also peers in the domestic market. In terms of profits, Tata Steel India has always been ahead of JSW Steel and Steel Authority of India Ltd (SAIL). The contrast got starker in financial year 2016, when the steel major recorded a net profit of Rs 4,901 crore as against a standalone loss of Rs 3,498 crore by JSW Steel and Rs 4,137 crore by ... image
Business Standard
177 22

At home, Tata Steel outperformed peers

In the last 5 years, the company invested Rs 40,000 crore; further expansion in Jamshedpur in the works

There are two sides to Tata Steel, a struggling European operation at the centre of attention since the $12-billion acquisition in 2007 and a consistently profitable Indian business that has managed to outperform not only its other half by far but also peers in the domestic market. In terms of profits, Tata Steel India has always been ahead of JSW Steel and Steel Authority of India Ltd (SAIL). The contrast got starker in financial year 2016, when the steel major recorded a net profit of Rs 4,901 crore as against a standalone loss of Rs 3,498 crore by JSW Steel and Rs 4,137 crore by ...

image
Business Standard
177 22