Tata Steel Q3 internet up 139% on rising demand

Tata Steel on Friday posted a 139 per cent leap in consolidated internet revenue at Rs 9,598 crore for the quarter ended December 2021, in opposition to a internet revenue of Rs 4,011 crore a 12 months in the past.
Revenue from operations rose 45 per cent to Rs 60,783 crore for the interval below assessment, in comparison with Rs 41,935 crore within the year-ago interval.
Sequentially, revenues have been broadly steady as enchancment in internet realisations greater than offset drop in volumes.
T V Narendran, CEO-MD, stated, “India steel demand has begun to improve on the back of continued economic recovery as 3rd wave of COVID begins to ebb.”