Tisco Q4 Falls 41.4% To Rs 122.47 Cr

Mumbai, May 30: | Updated: May 31 2002, 05:30am hrs
Tata Iron and Steel Company Ltd (Tisco) has reported a drop of 41.4 per cent in net profit to Rs 122.47 crore for the fourth quarter ended March 31, 2002 as against Rs 209.01 crore for the corresponding period last fiscal.

The companys turno-ver for the quarter was at Rs 2,160.93 crore as against Rs 2,353.5 crore last year. The sluggish global demand for steel, overcapacity in the Indian steel industry, coupled with global price lows were reasons stated for drop in profit even as the production was up by 5 per cent.

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