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Tata Steel FY08 net at $2.9 billion
June 27, 2008
Tata Steel, the world's sixth-largest steelmaker reported a tripling in consolidated net profit for the 2007/08 financial year.
The net profit was boosted by its Anglo Dutch unit Corus. Tata Steel completed a 13 billion dollar deal to buy Corus in April 2007, which was the India's biggest foreign takeover.
Tata Steel gave the credit for the company's performance to the continuous improvement and firm steel prices.
Video: ANI
Also see: Inflation singes Indian economy
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