India’s Tata BSL Limited reports fivefold rise in net profit in Q2 FY 2021-22

Wednesday, 20 October 2021 12:09:52 (GMT+3)   |   Kolkata

Tata Steel BSL Limited has reported a fivefold increase in net profit to INR 18.37 billion ($245 million) during the second quarter (July-September) of the fiscal year 2021-22, largely riding on other income, a regulatory filing by the company said on Wednesday, October 20.

According to the filing, total income during the quarter was recorded at INR 83.3 billion ($1.11 billion), up from INR 55.45 billion ($739 million) during the corresponding quarter of the previous fiscal.

Tata BSL Limited is India’s fifth-largest secondary steel mill and was acquired through the bankruptcy resolution process for the erstwhile Bhushan Steel Limited (BSL) in 2018.

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