Tata Steel BSL posts over 5-fold jump in net revenue to 1,837 crore for September quarter

The company’s expenses stood at Rs 6,492.97 crore, versus Rs 5,203.33 crore in the year-ago quarter.

PTI

October 19, 2021 / 11:01 PM IST

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Tata Steel BSL on Tuesday reported over a five-fold jump in its consolidated net revenue to Rs 1,837.03 crore for the September 2021 quarter, primarily on account of higher income.In a BSE filing,

the business stated it had clocked a net earnings of Rs 341.71 crore throughout the matching period of the previous fiscal year 2020-21. Its total earnings during July-September 2021 rose to Rs 8,329.68 crore, from Rs 5,545.35 crore in the year-ago period.The company’s expenditures stood at Rs 6,492.97 crore, against Rs 5,203.33 crore in the year-ago quarter.On Might 18, 2018, Tata Steel obtained Bhushan Steel Ltd through its wholly-owned subsidiary Bamnipal Steel Ltd. Later, the company renamed it as Tata Steel BSL Ltd.Tata Steel BSL is India’s fifth-largest secondary steel producing company with an existing steel production capacity of 5.2 million tonnes per annum.