Latest News | Tata Steel BSL Slips into Red, Posts Rs 650 Cr Net Loss in June Quarter

New Delhi, Jul 30 (PTI) Tata Steel BSL Ltd on Thursday reported a consolidated net loss of Rs 650 crore in the quarter ended June 30, mainly on account of reduced income.

The company had posted a net profit of Rs 111 crore during the same quarter a year ago, Tata Steel BSL said in a BSE filing.

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Total income fell to Rs 2,710 crore during the quarter under review from Rs 4,359 crore in the year-ago quarter.

The company's total expenses stood at Rs 3,360 crore as compared with Rs 4,318 crore in April-June of 2019-20 fiscal.

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Tata Steel BSL further said the outbreak of COVID-19 pandemic and ensuing mobility restrictions to ensure health and safety of employees and other stakeholders impacted the company's crude steel production during April, May and part of June 2020.

Crude steel production during June quarter stood at 0.66 million tonnes.

"During the quarter ended June 30, 2020, the company incurred fixed production overheads (including depreciation) amounting to Rs 681 crore," it said. PTI ABI RVK 07302205 NNNNr Madrid with a header in the ninth minute for his sixth goal since the league resumed. Leganés equalized with Bryan Gil's goal in first-half stoppage time before Marco Asensio gave Madrid the lead again from close range in the 52nd.

Roger Assalé equalised again with a shot from inside the area in the 78th but the hosts were not able to get the winner despite some good chances near the end. They wanted a penalty for a hand ball inside the area in the final minutes but video review let the game continue.

Leganés was unbeaten in the last five rounds, with three wins and two draws. The team from southern Madrid last played in the second division in 2015-16.

Madrid played without some regular starters and others were substituted early in the second half.

MESSI DOUBLE

Messi's double helped Barcelona close the league season on a positive note after a 2-1 home loss to Osasuna in the second-to-last-round.

Ansu Fati, Luis Suárez and Nelson Semedo also scored for Barcelona, which had already secured second place in advance.

Messi ended with four more goals than Madrid striker Karim Benzema to clinch his fourth scoring title in a row.

Barcelona now turns its focus to its Aug. 8 home game against Napoli in the round of 16 of the Champions League. The first leg, played before the break, ended 1-1.

"We have important things to play for," Messi said.

"We needed some tranquility to clear our heads and come back with more desire than ever."

EUROPA LEAGUE SPOTS Villarreal, Real Sociedad and Granada grabbed the Europa League spots in the final round.

Villarreal routed Eibar 4-0 to finish in fifth place, Real Sociedad drew 1-1 at Atlético Madrid to end sixth and Granada defeated Athletic Bilbao 4-0 to earn seventh.

The Champions League spots had already been clinched by Madrid, Barcelona, Atlético Madrid and Sevilla.

Cádiz and Huesca have already secured promotion to the first division. AP

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)