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Tata Steel BSL Reports Strong Profit in Q2 of 2020-21

Steel News - Published on Thu, 15 Oct 2020

Image Source: Tata Steel BSL
Tata Steel BSL has posted a consolidated net profit of INR 341.71 crore for the quarter ended September 2020. The company had reported a loss of INR243.97 crore during the same period a year-ago. During July-September 2020, its total income jumped to INR 5,545.35 crore, from INR 4,567.98 crore in the year-ago quarter.

In May 2018, debt-laden Bhushan Steel Ltd was acquired by Tata Steel through its wholly-owned subsidiary Bamnipal Steel Ltd in insolvency proceedings. It was later renamed as Tata Steel BSL.

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Posted By : Yogender Pancholi on Thu, 15 Oct 2020
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