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Tata Steel third quarter net profit jumps fivefold on strong volumes

Tata Steel third quarter net profit jumps fivefold on strong volumes

MUMBAI: Tata Steel on Friday reported a nearly fivefold jump in its consolidated net profit to Rs 1,136 crore for the three months to December. Exceptional charges of Rs 1,116 crore due to provision recognised in respect of certain demands and claims from regulatory authorities relating to mining operations hit profit. In the December 2016 […]

Tata to decide fate of its two UK steel plants this week

Tata to decide fate of its two UK steel plants this week

London:¬†At least 18,000 jobs in the UK may become redundant if Tata Steel decide to ditch two of their loss-making plants at a board meeting on Tuesday. The board of directors of the Indian multinational is expected to meet on 29 March in Mumbai to discuss whether to retain or sell the plants in Scunthorpe […]