Tata Steel posts Rs 4,609 crore Q1 loss, Europe unit in red

“Tata Steel Europe performance was affected by lower deliveries and a sharp decline in European spreads to an unsustainably low level. As a result, our consolidated adjusted Ebitda dropped to Rs 1,038 crore,” Tata Steel executive director Koushik Chatterjee said.

from Stocks-Markets-Economic Times https://ift.tt/31NZgE1