The Free Press Journal

JP Morgan sees Tata Steel's operating profit rising further January-March

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Tata Steel Ltd's consolidat­ed operating profit is set to improve further in Jan-Mar helped by contracts it has signed with automobile companies at higher prices, and the impact of price hikes, JP Morgan said. The steel-maker's consolidat­ed profitabil­ity surged 53% sequential­ly, and was 2.6 times higher on year, to an all-time high of 95.40 bln rupees in the December quarter.

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