Tata Steel Reports Q4 Loss of Rs 6,529 cr on Europe Weakness

  • Monday, May 27, 2013
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  • Keywords:steel
[Fellow]]Tata Steel plunged into a consolidated net loss o
[Ferro-alloys.com]Tata Steel plunged into a consolidated net loss of Rs 6528.51 crore in the fourth quarter ended March 31, 2013 hit by weak demand and depressed steel prices inEurope, against net profit of Rs 433.46 crore in the same period last year. The company's consolidated net sales too remained almost flat at Rs 34,180 crore in the fourth quarter ended March 31, 2012, going up barely 0.94% compared to net sales of Rs 33,860 crore in the same period last year.
 
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