TATA Steel the sixth largest steel maker in the world has posted a 49.49% drop in net profit at INR 902.94 crore in the Q2 following a sharp fall in steel and ferro alloys’ prices. Its total income fell 16.46% to INR 5,692.11 crore.
According to Mr H M Nerurkar MD of TATA Steel,
http://www.steelguru.com/news/index/2009/10/29/MTE3ODUz/TATA_Steel_Q2_net_profit_down_by_49pct.html
Wednesday, October 28, 2009
TATA Steel Q2 net profit down by 49pct
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