Economic TimesLean R·
Tata Steel Q1 net profit beats estimates; approves Rs 33,873 crore capex
Tata Steel's consolidated net profit increased nearly twelve percent year-on-year. This growth was primarily driven by a robust performance in its Indian market. The company also announced a substantial capital expenditure for capacity expansion. Consolidated total revenue for the June quarter rose more than fourteen percent. Global operating conditions remained complex, impacting overseas operations.
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