India’s Tata Steel Limited has reported a net profit of INR 8.33 billion ($99.10 million) in the second quarter (July-September) of the fiscal year 2024-25, according to a company statement on Thursday, November 7.
The company had reported a net loss of INR 61.96 billion ($736.77 million) in the second quarter of the fiscal year 2023-24.
The company’s revenue from operations declined by three percent year on year during the quarter to INR 534.89 billion ($6.36 billion).
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.
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