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Tata Steel Records First-Quarter Loss
09/12/2016 - Tata Steel lost US$475 million in the first quarter of its fiscal year, weighed down by a steep loss on its discontinued European long products business, which it sold earlier this year, the (London) Financial Times.
For the quarter ended 30 June 2016, the Indian steelmaker recorded a loss of 32.9 billion rupees on the business, which it sold to private investment firm Greybull Capital this spring. The sale was finalized during the quarter.
The Times has more on the story here.
The Times has more on the story here.
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