Indianconstructionindustry News alert:TATA Steel announces Q4 and 2010-11 results

Mumbai : TATA Steel Limited has declared audited consolidated financial results for the full year ending March 31st 2011. The 2010-11 financial year featured record deliveries and profits from TATA Steel’s Indian operations and a significant turnaround in financial and operating performance in Europe.

Group Performance Highlights

1. TATA Steel Group recorded profit after tax of INR 8,983 crores (USD 2,015 million) in FY’11, an improvement of INR 10,992 crores (USD 2,466million) over the loss of INR 2,009crores (USD 451million) in FY’10.

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