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Our Indian business showed broad-based growth across our chosen segments due to our sustained focus on customer relationships, our distribution network and our portfolio of brands supported by our agile business model," the release quoted T V Narendran, MD & CEO, Tata Steel. Get latest Tata Steel News/Updates and Results/Analysis. "Tata Steel has again demonstrated its ability to deliver stellar results despite heightened complexity in the face of COVID as well as geopolitical tensions. Check out Tata Steels earnings release which includes consolidated and standalone financial numbers, major announcements, business overview, market reports, perspective of senior leadership and more. The board of directors of the company recommended a dividend of Rs 51 per fully paid equity share and Rs 12.75 per partly paid equity share apart from a 10:1 stock split. The revenues of the Europe operation increased by 54 per cent annually to £8,876 million, as per the release. 0 views, 0 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from : Tata Steel Q1 Results : Tata Steel Ltd CEO & MD, TV. The PAT was lower by 12.8 compared to a profit of Rs 8,907 crore recorded during the same quarter last year.
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The deliveries for FY22 were also at a record 18.27 million tons despite COVID related disruption early in the financial year. Tata Steel Ltd declared a consolidated PAT of Rs 7,765 crore for the quarter ended June 2022.
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In terms of the India business, the company achieved its highest-ever annual crude steel production of 19.06 million tons, with a growth of 13 per cent year-on-year. Meanwhile, the 6 MTPA Pellet plant at Kalinganagar will be commissioned in the third quarter of FY23 followed by the Cold Roll Mill complex and the 5 MTPA expansion, stated the release. Gross debt stood at Rs 75,561 crore with net repayments of Rs 15,232 crore and the net debt declined to Rs 51,049 crore.