New Delhi, Jan 29 (PTI) Tata Steel BSL, formerly Bhushan Steel, Tuesday said its net loss narrowed to Rs 239.56 crore in the third quarter ended December this fiscal.

The company had reported a net loss of Rs 1,721.37 crore in the same quarter of the previous fiscal.

Total income during the quarter rose to Rs 4,922.72 crore, from Rs 4,412.75 crore, it said in a regulatory filing.

On May 15, 2018, the National Company Law Tribunal (NCLT) had approved the resolution plan submitted by Tata Steel Limited to acquire Bhushan Steel through its wholly owned subsidiary Bamnipal Steel Limited (BNPL).

Stock of the company closed 3.83 per cent down at Rs 30.15 on the BSE.

(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)