Tata Steel Ltd on Wednesday reported 64% fall in its consolidated net profit at Rs 611 crore for the fourth quarter, compared with Rs 1,705 crore in the same quarter a year earlier.
The five companies being integrated are Tata Steel Mining Ltd, Tata Steel Long Products Limited, S&T Mining Company Limited, The Tinplate Company of India Ltd, and Tata Metaliks Limited.
Tata Steel Ltd on Wednesday posted consolidated net profit of Rs 513 crore as against a loss of Rs 2224 crore a year ago. Revenue from operations declined 3% year-on-year to Rs 55,312 crore.
Tata Steel merger: With the amalgamation coming into effect, The Tinplate Company of India Limited stands amalgamated into and with Tata Steel and dissolved without being wound up on and from the effective date