Tata Steel’s profit plunges 43 pc at 295 crore in Q3, revenue slips
Sequentially, the decline was sharper, with net profit falling 61.1 per cent from Rs 758.84 crore in the previous quarter (Q2 FY25), according to company’s exchange filing.
Tata Steel said on Monday that it has increased its daily oxygen supply limit to 600 tonne a day to health centres for the treatment of COVID-19 patients.
On the directions of the steel ministry, steel plants in the country are supplying liquid medical oxygen (LMO) to various states amid rising demand for the gas.
Advertisement
In a tweet, Tata Steel said, “#TataSteel has increased supplies of liquid medical oxygen to 500-600 tonnes per day with increased logistics support. We are closely working with GoI (Government of India) and states to augment the availability and save lives.”
Advertisement
In our continued #FightAgainstCovid #TataSteel has increased supplies of Liquid Medical Oxygen to 500-600 tons per day with increased logistics support. We are closely working with GoI and States to augment the availability and save lives. @PMOIndia @TataCompanies
— Tata Steel (@TataSteelLtd) April 26, 2021
Last week, a Tata Steel spokesperson had said the company was supplying 300 tonne of LMO daily to various states.
Advertisement
