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Buoyed by better operational results in both India and Europe, Tata Steel today expressed hope that it would continue its good performance in the last quarter of this fiscal as well despite a challenging market scenario.
The company had reported a net profit of Rs 503.24 crore in the third quarter.
We are strengthening our internal resources, which is the strength of the company, and focusing on product development through our global R&D in India and Europe operations, said Koushik Chatterjee, Group Executive Director and Chief Financial Officer of Tata Steel.
Chatterjee expressed confidence that the company would maintain a similar performance in the last quarter as it recorded in the previous quarter (October-December) of the current fiscal despite a challenging market prevailing in India as well as Europe.
Our South-East Asia operations are also doing well, he said, adding that the company has been working out its plans in Thailand where there has been some impact of the political instability.
Chatterjee, who accompanied Tata Steel Managing Director T V Narendran, was in the steel city to take part in the inauguration of the modernised and upgraded Kantilal Gandhi Memorial multi-speciality Hospital.
Earlier, Narendran inaugurated the hospital, which would be managed by Kolkata-based Medica Hospital.
