Tata Steel profit jumps 112 for third quarter

Tata Steel-s profit has jumped 112% during the third quarter for the current fiscal year compared to same period last year. The jump was because of sharp rise in demand and increased product prices.

As per the information posted by the company, its net profit jumped to Rs 1003 crore during the third quarter compared to Rs 473 crore profit during the same period last year. Its consolidated revenue was also increased by 10% compared to last year same quarter to Rs 28,606 crore.