Thursday, Apr 25 2024 | Time 20:54 Hrs(IST)
image
States » EastPosted at: Aug 13 2020 9:21PM


Tata Steel reports positive free cash flows in a challenging quarter, recovers to almost pre-COVID rated capacity in India

Kolkata, Aug 13 (UNI) Tata Steel has reported positive free cash flows in a challenging quarter and recovered to almost pre-COVID rated capacity in India.
T V Narendran, CEO & Managing Director, said, “ During the quarter, we recalibrated our operations and our sales across geographies in line with underlying regulatory and market conditions. While this had an adverse impact on our volumes and our margins, we were successful in mitigating the impact as we pivoted the business towards export markets and successfully generated free cashflows despite adverse market conditions. "
" Economic activity is gradually recovering. In India, we have ramped-up our capacity utilizations to 90% levels with total sales in June exceeding FY20 average monthly sales. We are further ramping up capacity utilization and increasing domestic sales which will lead to an improvement in our margins in coming quarters. "
Please log in to get detailed story.
Tags: #Tata Steel reports positive free cash flows in a challenging quarter# recovers to almost pre-COVID rated capacity in India
More News

Heatwave conditions persist in Odisha due to climate over Pakistan & Afghanistan : CEC

25 Apr 2024 | 8:30 PM

Bhubaneswar, April 25 (UNI) Heat wave conditions in Odisha may persist for a week to ten days as weather conditions were influenced by the prevailing climate over Pakistan and Afghanistan, Centre for Environment and Climate (CEC) of Siksha ‘O’ Anusandhan (SOA) said on Thursday.

see more..
Amit Shah slams Naveen for running corrupt government with officers in Odisha

Amit Shah slams Naveen for running corrupt government with officers in Odisha

25 Apr 2024 | 8:03 PM

Sonepur (Odisha), April 25 (UNI) Union Home Minister Amit Shah on Thursday kicked off BJP’s electioneering in Odisha, making a scathing attack on Naveen Patnaik government for indulging in corruption while running the government with officers.

see more..

Second phase election to be held on April 26 in Manipur

25 Apr 2024 | 7:57 PM

Imphal, Apr 25 (UNI) The second phase of General Elections to the 18th Lok Sabha will be held on Friday in Manipur. Polling will start at 7 AM and will continue till 4 PM.

see more..
Kalpana Soren to contest bypoll from Gandey assembly seat

Kalpana Soren to contest bypoll from Gandey assembly seat

25 Apr 2024 | 7:55 PM

Ranchi, April 25 (UNI) The Jharkhand Mukti Morcha (JMM) on Thursday announced that Kalpana Soren, wife of former Jharkhand chief minister Hemant Soren, will contest the bypoll from Gandey assembly seat.

see more..
Nitish expresses shock over six deaths in Patna Hotel fire

Nitish expresses shock over six deaths in Patna Hotel fire

25 Apr 2024 | 7:41 PM

Patna, April 25 (UNI) Bihar Chief Minister Nitish Kumar expressed his deep shock over the death of six people in a fire which broke out at a hotel near Patna junction on Thursday.

see more..
image