Tata Steel’s net profit plunges 90% to Rs 1,297 cr

The legacy steelmaker, which also has operations in western Europe, reported a consolidated bottom line of ₹1,297 crore, compared with ₹12,548 crore in the year-ago period. The extent of decline in Tata Steel’s net profit was in line with that of other steelmakers facing similar headwinds.

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