scorecardresearchTata Steel drops 1% as company warns export tax could force it to cut production

Tata Steel drops 1% as company warns export tax could force it to cut production

Updated: 25 May 2022, 12:46 PM IST
TL;DR.
On Saturday, in an attempt to improve domestic steel availability and reign in steel prices, the Union government imposed a 15% export duty on a range of finished steel products.
Tata Steel reported a 46.83 per cent year-on-year (YoY) rise in net profit at  <span class='webrupee'>₹</span>9,756.20 crore for the quarter ended March 31, 2022.

Tata Steel reported a 46.83 per cent year-on-year (YoY) rise in net profit at 9,756.20 crore for the quarter ended March 31, 2022.