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Despite price slowdown TATA Steel BSL turnaround to profit in Q1 results

TATA STEEL BSL reported 111.05 crore net profit in its june quarter result in its bse filing. Company has presented its consolidated results combining Bhushan energy ltd.  which is a subsidiary of Bhushan Steel ltd. Now jointly in a single entity TATA Steel BSL Ltd.  During the quarter companies income stood at 4959.63 crore rupees.  The company has posted 2104 crore profit in the same quarter last year but that is not comparable as company has taken over by TATA Steel and BEL results are not joint in that.  Now the companies performance is looking up to the mark.
TATA Steel BSL Ltd is an integrated steel plant with capacity of 5.6 million mt owned by TATA Steel through its wholly owned subsidiary Bamnipal Steel Ltd. 

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