Tata Steel BSL Jan-March 2019 quarter net loss narrows to Rs 212 crore

Tata Steel BSL said its net loss narrowed to Rs 212.36 crore in the quarter ending March. It had reported a net loss of Rs 21,252.92 crore in the same quarter in FY18.

Tata Steel BSL Jan-March 2019 quarter net loss narrows to Rs 212 crore
In May last year NCLT approved the resolution plan submitted by Tata Steel Limited to acquire Bhushan Steel through its wholly-owned subsidiary BNPL. Photo: PTI

Tata Steel BSL, formerly Bhushan Steel, Wednesday said its net loss narrowed to Rs 212.36 crore in the quarter ending March. The company had reported a net loss of Rs 21,252.92 crore in the same quarter of the previous fiscal.

Total income during the quarter rose to Rs 5,517.50 crore, from Rs 4,495.98 crore, the company said in a regulatory filing.

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In May last year, the National Company Law Tribunal (NCLT) approved the resolution plan submitted by Tata Steel Limited to acquire Bhushan Steel through its wholly-owned subsidiary Bamnipal Steel Limited (BNPL).

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Written By: PTI
Updated: Wed, Apr 17, 2019
10:46 PM IST
New Delhi, PTI
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