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Tata Steel Q3 net up 34%

India’s largest steel maker Tata Steel on Tuesday announced a consolidated net profit...

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India’s largest steel maker Tata Steel on Tuesday announced a consolidated net profit of Rs 1,416 crore for the quarter ended December 31, 2007, against Rs 1,055 crore in the corresponding period of 2006. The net profit figure includes the profit of Anglo-Dutch steel maker Corus, which was acquired by Tata Steel for $2.5 billion last year. The turnover of Tata Steel, including its Indian, Thailand and Singapore operations, rose by Rs 2,157 crore to Rs 23,867 crore.

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