Tata Steel BSL Q4 Net Loss Narrows to Rs 212 Cr

Tata Steel BSL, formerly Bhushan Steel, Wednesday said its net loss narrowed to Rs 212.36 crore in the quarter ending March.

New Delhi, Apr 17 (PTI) Tata Steel BSL, formerly Bhushan Steel, Wednesday said its net loss narrowed to Rs 212.36 crore in the quarter ending March.

The company had reported a net loss of Rs 21,252.92 crore in the same quarter of the previous fiscal.

Total income during the quarter rose to Rs 5,517.50 crore, from Rs 4,495.98 crore, the company said in a regulatory filing.

In May last year, the National Company Law Tribunal (NCLT) approved the resolution plan submitted by Tata Steel Limited to acquire Bhushan Steel through its wholly-owned subsidiary Bamnipal Steel Limited (BNPL). PTI DP

(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)

Share Now

Share Now