Tata Steel Posts Rs 3,183 Crore Loss In Q1 On Europe Plant Sale

Mumbai: Tata Steel Ltd on Monday reported a consolidated first quarter net loss of Rs 3,183 crore ($477 million) as it sold a business in Europe, and said talks continued for a proposed partnership to run its European plants. Consolidated net loss widened for the three months to June 30, from Rs 317 crore loss a year earlier, Tata Steel, Britain's largest and Europe's second biggest steel producer, said in a statement. The company,...