Hit by Slump, Tata Steel Posts ?1,229 crore loss

INSUBCONTINENT EXCLUSIVE:
Mumbai-based company reported a consolidated net loss of ?1,229 crore in the quarter, compared with a net profit of ?1,753 crore for the
same quarter last year
Q3FY20, a 47 per cent decline against ?2,253 crore in the same quarter last year
(QoQ) to ?35,520 crore, while India revenue climbed 5 per cent QoQ and stood at ?21,299 crore
than what we expected, but Corus (Tata Steel Europe) has delivered a shocking result, and it looks like a pretty volatile quarter, which is
per cent QoQ, the industrial product and projects segment also registered a healthy 12 per cent QoQ growth
segment despite the sluggishness faced by the auto industry
Both our acquisitions, Tata Steel BSL and Tata Steel Long Products, continue to deliver operational improvements and achieve milestones in
our cold rolling mill facility by FY21