Tata Steel long products Q2 net loss narrows to Rs 460 crore PSU Watch
Corporate Watch

Tata Steel long products Q2 net loss narrows to Rs 460 crore

Tata Steel Long Products Ltd (TSLP) on Friday said its consolidated net loss narrowed to Rs 460.23 crore during the September quarter

PTI

New Delhi: Tata Steel Long Products Ltd (TSLP) on Friday said its consolidated net loss narrowed to Rs 460.23 crore during the September quarter.

It had clocked a net loss of Rs 661.80 crore in the year-ago period, the company said in a regulatory filing.

The company's total income rose to Rs 3,005.46 crore from Rs 1,921.01 crore in the year-ago period, it said.

Expenses also rose to Rs 3,442.03 crore as against Rs 2,696.25 crore last year, according to the filing.

TSLP, formerly known as Tata Sponge Iron Ltd, is in the business of manufacturing high alloy steel, primarily for the auto sector and wire rope industry.

With one million-tonne capacity, it is one of the largest speciality steel plants in India in the long product segment located in Jamshedpur, Jharkhand.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

No immediate hike in petrol, diesel prices; adequate stock to meet any contingency: Sources

Stock markets rebound in early trade after two days of sharp fall

SJVN’s Nathpa Jhakri Hydro Power Station crosses 150 BU of power generation

SECI shifting focus to storage-backed RE, says MD

JNPA slashes stranded container count through coordinated efforts; sets up task force