Plunge by 42% to Rs 473 crore seen in Tata Steel
A 42 pct plunge was forwarded by Tata Steel, (among the top 10 steel companies in the World), in its consolidated profit at Rs 473 crore during the third quarter of FY10 over the corresponding period last year. Furthermore, a decline from Rs 33,199 crore to Rs 26,202 crore was seen in the company’s total income from operations, during the period under review, which occurred mainly because of to a fall in demand in US and Europe.
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