Tata Steel, India's biggest private sector steelmaker, today reported a 5.4 per cent rise in net profit, driven by rising volumes, to Rs 1,101.49 crore for the quarter ended September 30, 2006. | |
| Total income (net of excise) increased 9 per cent to Rs 4,362.98 crore. |
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| Tata Steel, which has won approval from Anglo-Dutch Corus for its $8.04 billion takeover bid, hopes to produce and sell more in this financial year than the last. |
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| "We will produce and sell 500,000 tonnes more than last year. Prices are likely to hold for the rest of the year," the company's managing director, B Muthuraman, was quoted as saying. |
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| Last financial year, the company produced 4.55 million tonnes and sold 4.42 million tonnes. |
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