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Tata Steel swings to profit in Q3 on strong India demand, misses estimates

The company had reported net loss of Rs 6.511.16 crore in the second quarter due to impairment charges. Meanwhile, huge spending on infrastructure pushed up steel prices, benefitting steelmakers. However, higher coking coal costs have weighed on the gains.

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​ The company had reported net loss of Rs 6.511.16 crore in the second quarter due to impairment charges. Meanwhile, huge spending on infrastructure pushed up steel prices, benefitting steelmakers. However, higher coking coal costs have weighed on the gains. The company had reported net loss of Rs 6.511.16 crore in the second quarter due to impairment charges. Meanwhile, huge spending on infrastructure pushed up steel prices, benefitting steelmakers. However, higher coking coal costs have weighed on the gains.  Moneycontrol Latest News Read More  

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