The company had posted a consolidated net profit of Rs 714.03 crore during the same period a year ago, Tata Steel said in a BSE filing
Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels
The proposal for the government to take an equity stake and in effect part nationalise the plant is said to be one of the options under discussion.
He succeeds Sunil Duggal, who is now leading the group company, Vedanta Limited, as its chief executive officer.
Ministers have placed stringent conditions on Project Birch cash, including demanding that it helps achieve its target of net-zero carbon emissions by 2050 and that jobs are not lost
According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.
The third of the five-part series looks at pick-up in metal sector demand & prices
Agency to withdraw UK subsidiary's ratings
June sees improvement in sales, utilisation up to 80 per cent
Tata Steel BSL said its crude steel production fell over 41% to 6,59,000 tonnes during June quarter 2020 as compared with 11,22,000 tonnes in corresponding period a year ago, hit by Covid-19 pandemic
Steel company remains third in capacity pecking order due to Dolvi expansion delay, stalled Bhushan Power acquisition.
There are about 9,000 workers at Ijmuiden. FNV said an agreement has also been reached on the company structure.
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
There are about 9,000 workers at Ijmuiden. FNV said an agreement has also been reached on the company structure.
In telephonic Q&A, the MD & CEO of India's oldest steel producer, dwells on how his firm kept domestic operations ready for the pandemic, taking cues from Europe much before lockdown got announced
Weak steel demand, high debt are among concerns that weigh on forward outlook
Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing
The company had a profit of Rs 4,252.50 crore in the corresponding period last year
Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing under low demand and realisation
Products sold in rural markets like tractors and motorcycles and roofing sheets were leading the recovery, says T V Narendran