Turnaround of a large steel company of Tata Steel’s size is a tough job to do in a year’s time. But still, N Chandrasekaran’s one year at the helm of Tata group – on February 21, he completes one year of his chairmanship – has changed the fate of the steel maker quite dramatically. The company gets rid of the European pangs and quite bullishly postured itself in the bids for Bhushan companies, which is up for sale as part of the insolvency proceedings.
In the third quarter, Tata Steel posted an almost five-fold jump in consolidated net profit to Rs 1,136 crore, thanks to higher production and sales volume in India and the surging steel prices. Revenues shot up 15 per cent to Rs 33,446 crore. The consolidated quarterly Ebidta at Rs 5,8…
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