Tata Steel posts Rs 1,017 crore consolidated net profit in Q2

Committed to growing India business, building long-term investments in Europe

Tata Steel on Monday reported a consolidated net profit of Rs 1,017 crore in the September quarter, as against a loss of Rs 49.4 crore in the corresponding period last year. At the consolidated level, this is a profit for two consecutive quarters; it reported a net profit of Rs 921 crore for the June quarter.

The company that has lined up for buying out lenders of four debt-laden steel companies has also said it is committed to the second phase expansion at its Kalinganagar (Jajpur district) unit in Odisha, with a bullish outlook on demand. “Our discussion for expansion at