Tata Steel posts profit of â¹10,187 crore in March quarter
Tata Steel on Wednesday posted a net profit of â¹10,187 crore for March quarter compared to a loss of â¹725 crore in the corresponding quarter last year. The Indian steelmaker saw an exceptional gain of â¹11,376 crore in the quarter, mostly as a result of restructuring of its UK pension scheme. The company's revenue increased 2.34% year-on-year to â¹36,132 crore. 