Telco Q3 Loss Shrinks More Than 50%

Net losses at Tata Engineering & Locomotive Company declined to Rs 55.54 crore for the quarter ended December 31, 2001, down from Rs 121.44 crore for the quarter ended December 31, 2000.

The Tata Engineering scrip opened today at Rs 115.95 on the BSE, touched an intra day high of Rs 124.30 and closed at Rs 120.55 against Monday