Tata Steel Q4 net loss narrows to Rs 3,214 crore

India's biggest steel manufacturer, Tata Steel Ltd said its fourth quarter loss narrowed on lower costs and a smaller charge on impairment of assets.

For the January to March quarter, it reported a net loss of Rs 3,214 crore ($478 million) compared with Rs 5,674 crore last year.

Net sales during the fourth fiscal quarter fell 12.5% to Rs 29,160 crore.

 

($1 = 67.2962 rupees)