quarta-feira, 25 de maio de 2016

TATA STEEL GROUP NARROWS CONSOLIDATED NET LOSSES

Tata Steel Group on Wednesday narrowed its consolidated net losses to Rs 3,214 crore for the March quarter, down from Rs 5,674 crore in the year-ago period, hurt by a Rs 2,800-crore writedowns and impairment costs towards its struggling global operations.

On the back of still lower alloy prices, total revenue from operations also came down 12% to Rs 29,508 crore on lower steel prices from Rs 33,666 crore a year ago.

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