The company said consolidated financial results included

The company said consolidated financial results included a provision for impairment in respect of non-current assets and restructuring provisions within the European operations."Tata Steel Europe has refinanced its euros 1."Tata Steels standalone profit dropped to Rs 1,803. The refinancing was at more flexible terms and better pricing, and has also improved the debt maturity profile," the company said."However, our European operations made a loss as it felt the brunt of the overall slowdown and the consequent shrinking of spreads. This adversely affected our consolidated performance."During the quarter, NatSteel Holdings Pte Ltd, a wholly-owned indirect subsidiary of the company, disposed of its entire stake in Nat Steel Vina Co. The company was also able to maintain sales to the auto segment despite the sluggishness faced by the auto industry.Tata Steel said the phase II expansion at Kalinganagar is progressing well, civil and structural construction work for pickling line and tandem cold rolling mill at cold rolled mill complex has progressed substantially. Steel demand in India is expected to improve on the back of increasing government https://www.jinduhardware.com/product/hex-nut/ spending and a revival in the broader economy."India revenue from operations stood at Rs 21,299 crore for the quarter."Both our acquisitions, Tata Steel BSL and Tata Steel Long Products, continue to deliver operational improvements and achieve milestones in the market place. This helped us reduce our net debt during the quarter by Rs 2,324 crore.In Europe, the overall slowdown was more pronounced due to seasonal weakness and elevated levels of unfairly priced imports. The loss on disposal of the subsidiary is included within profit/(loss) from discontinued operations," Tata Steel said in a statement.75 billion external borrowings.Tata Steel CEO & Managing Director T V Narendran said the company delivered strong growth in volumes despite poor macroeconomic conditions in India as well as globally.71 MT in the same quarter a year ago.Its gross sales fell to Rs 34,774 crore in October-December 2019 from Rs 38,086 crore in the year-ago period.Tata Steels consolidated steel production during the December quarter was at 6. However, steel prices are on an upward trend since November with inventory rationalization and an increase in government spending.4 MT as compared to 4.83 crore in the quarter from Rs 2,456.09 crore in the year-ago period due to exceptional items such as high employee separation compensation and provision for demands and claims.38 MT in October-December 2018. Besides equipment erection for the mill and entry section has also commenced.99 million tonne (MT) as compared to 6. Coronavirus does pose a risk and we are closely monitoring the fallout," he said. EBITDA was Rs 4,111 crore and EBITDA margin stood at 19. Its expenses were at Rs 35,849 crore as compared to Rs 35,930 crore in the preceding fiscal.53 crore for the quarter ended on December 31, 2019, mainly due to lower sales and impairment provisions for its European operations.On Europe operations, he said Tata Steel Europe reported a loss of Rs 956 crores at EBITDA level primarily due to GBP 75/tonne decline in realisations, which weighed down the companys consolidated performance.Revenue from operations decreased to Rs 13,821 crore during the quarter under review primarily due to sharp decline in European steel prices, resulting in loss of Rs 956 crore at EBITDA (earnings before interest, taxes, depreciation, and amortization) level.The company said during the third quarter global economic growth further slowed down amidst heightened concerns of US-China trade war and regional steel prices were down as steel demand was affected by weaker industrial output in key markets.In India, the companys business model helped counter the slowdown as it successfully penetrated new markets and expanded customer universe. Ltd.."During the quarter, we succeeded in delivering working capital improvements which helped in generating cash flows in excess of Rs 6,000 crore.In India, the company produced 4.Koushik Chatterjee, Executive Director and CFO said, "Economic conditions remained very challenging during the quarter which impacted the overall business performance.New Delhi: Tata Steel on Friday reported a consolidated net loss of Rs 1,228.Tata Steel had posted a consolidated net profit of Rs 1,753. Our liquidity remains robust at Rs 14,027 crore comprising of cash and cash equivalents of Rs 5,239 crore and undrawn bank lines," he said.07 crore during the same quarter a year ago, the company said in a BSE filing.In India, Tata Steel said the Indian economy remained weak during the quarter and domestic steel prices reached a nadir in October 2019.3 per cent and EBITDA/tonne was Rs 8,484